Or at least his dismissal of Abenomics as one of the market's 'headwinds' sure doesn't make it sound that way.
"Frankly, it is downright scary what's happening in Japan," Cramer said. "This country's pretty much left the grid with what now looks like a failed strategy to get some sort of boom going. The Japanese stock market's down 14 percent this year, by far the worst major market in the world, and the country's retail sales have plummeted since a recent hike in taxes."
http://www.cnbc.com/id/101586279
The other worries he sees are the slowing GDP in China and the flair ups in the Ukraine. The Nasdaq had been leading the sell off. Later, the Nasdaq bounced back from their technical lows- CNBC came up with a list of individual stocks which had earlier touched what is considered technical bear market correction territory in the index-10 percent down.
http://www.cnbc.com/id/101585397
While this list may be worth purviewing for shorts, it may also be worth finding bargains for the long side. I think the overall market hit the bottom on the sell off on Friday-Citi's earnings may turn out to be the end of the downward move which is what I tend to think, though I'm not sure about the momentum stocks. However, we had some good numbers in some Nasdaq stocks after the closing bell-Intel, Yahoo, etc.
http://www.cnbc.com/id/101584254
http://www.cnbc.com/id/101581292
Then we have big earnings from Google tomorrow which will have a big impact on the Nasdaq.
UPDATE: Also I should note that if there aren't enough moving parts to move the market tomorrow we have some more Fedspeak.
"Frankly, it is downright scary what's happening in Japan," Cramer said. "This country's pretty much left the grid with what now looks like a failed strategy to get some sort of boom going. The Japanese stock market's down 14 percent this year, by far the worst major market in the world, and the country's retail sales have plummeted since a recent hike in taxes."
http://www.cnbc.com/id/101586279
The other worries he sees are the slowing GDP in China and the flair ups in the Ukraine. The Nasdaq had been leading the sell off. Later, the Nasdaq bounced back from their technical lows- CNBC came up with a list of individual stocks which had earlier touched what is considered technical bear market correction territory in the index-10 percent down.
http://www.cnbc.com/id/101585397
While this list may be worth purviewing for shorts, it may also be worth finding bargains for the long side. I think the overall market hit the bottom on the sell off on Friday-Citi's earnings may turn out to be the end of the downward move which is what I tend to think, though I'm not sure about the momentum stocks. However, we had some good numbers in some Nasdaq stocks after the closing bell-Intel, Yahoo, etc.
http://www.cnbc.com/id/101584254
http://www.cnbc.com/id/101581292
Then we have big earnings from Google tomorrow which will have a big impact on the Nasdaq.
UPDATE: Also I should note that if there aren't enough moving parts to move the market tomorrow we have some more Fedspeak.
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