Now that the "sell in May and go away" theory didn't play out in May, Jim Cramer is hearing chatter of "lighten up in June before the swoon."
Cramer hates these poetic tidbits. If they didn't rhyme, no one would even pay attention to them. The real problem is what Cramer refers to as complacent bearishness. It is always so much easier to be publicly bearish than it is to be bullish in this market.
"The fact is, the most complacent people are the ones who presume that stocks that drop are finished and the market's swoons are all prologues to gigantic declines that must be sidestepped — or else," the "Mad Money" host said.
In fact, this year has been a series of roving bear markets, followed by thriving bull markets. One-by-one, each sector was taken down, regardless of the calendar. Oil, technology, retail, materials, biotech, consumer packaged goods. And with exception of retail, Cramer considered each sell-off to be a buying opportunity.