With the Dow Jones Industrial Average closing at a record high, Jim Cramer developed new strategy based on insights once shared by his CNBC colleague, the late Mark Haines.
"At these big levels I find myself searching," Cramer admitted. "And when I search I sometimes fall back on insights from the guy who brought me to television, Mark Haines. I ask myself what would Mark do? Why Mark? Because Mark was a true skeptic, who demanded rigour and would always pose questions."
And with the Dow now trading at levels not seen since October 2007 it would seem prudent to look at the market through the lens of someone who demands answers..
"Now I know, divining what Haines would think is no easy task, but I think I have an idea. He would be trying to figure out whether this new high was the real deal or whether it was just a flash in the pan," Cramer said.
How would he do that?