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Charts vs. Fundamentals

By Jim Cramer

About this article:
The estimates are all too high. That's what we discovered yesterday, and somehow that juicy S&P 500 chart may not be enough to save us. Let's understand each other. This market is being driven by charts that clearly and without even an iota of doubt for many show the most definitive and distinctive bottom I can recall. Every day is a search for reasons why that could be. There are maybe ounces of strength in this market vs. tons of weakness. But the charts say, "Buy every weakness." There are multiple periods in my investing experience where we know that the fundamentals bottom well after the stocks. We know that it often works out that way. Exxon topped well before the commodity, Then Exxon bottomed well before the commodity. Then Exxon topped right before the commodity -- the last one being a little too close for comfort --...

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