The pullback in Apple’s stock price Tuesday likely means the market is doing what it’s supposed to be doing, “ Mad Money ” host Jim Cramer said.
“Throughout these last few percentage points of gains, we haven’t had the kind of breather I like, a breather that inspires the belief that it’s all over,” he said. “Some of that is due to the miraculous run in Apple, which I believe could be overdone for the moment.
“We could use some more skeptics in Apple like the ones we got when it reported. Skeptics, short-sellers, disbelievers, bubble callers, these are the people who power a rally by building a wall of worry that needs to be climbed to go higher.” (Read More: Cramer Links Supplier to Apple’s Stock Rebound )
Cramer said the broader market — with the Dow closing down 68 points, the S&P falling 0.35 percent and the NASDAQ declining 0.29 percent — was at a critical junction. (Read More: Cramer: Don’t Let Apple’s Decline Scare You )Page 1 of 3 | Next Page