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Hunker Down on Battleground Day

By Jim Cramer

 About this article:
 Mark up vs. freak out. Tariffs vs. desire to do well for the quarter. Iran and, well, Iran-contra. You know what that means: battleground. And battlegrounds mean "step away from your computer or be hit by enfilading fire that could really cause you to do the wrong thing." We should not have gone up Thursday, but you know my "theory" -- I'm stressing theory because these days merely mentioning a corrupt practice with the intent of blowing it wide open gets me blown up! -- that the markups, which do still go on, happen the day before the quarter end, and then the markers just bid underneath to protect the gains. But the bidding, like some of the hapless buybacks, got blown away from people fearing trade war, real war and subprime Armageddon (what a bunch of jokers those H&R Block people are to say things...

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