No Longer the Center of the World
By Jim Cramer
About this article:
So what's a real breakout if this is a false one? What has to happen to convince people that a rally is for real? I struggle over this daily.
To me, if you had to put all of the objections together you would need the following to have a so-called real rally:
1. Massive shorting and put-buying.
2. An explosion of volume.
3. A dramatic and immediate decline in the U.S. deficit.
4. An end to all foreclosures.
5. A big increase in the price of homes.
6. A dramatic decline in unemployment.
7. A steady dollar.
8. Oil back to $40.
9. Gold at $900.
10. Bears at 50% of the bull-bear ratio.
11. A repeal back to 6,500 so this time it can be done right.
12. An admission from Obama that taxes can't be raised right now.
I have bad news for people: You are waiting for Godot. It ain't happening. You are not going to...
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