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Jim Cramer: "You're out of your mind" if you are convinced in this stock market



The markets are "hostage to events that are not only completely out of our hands, but I think completely out of the president's hands."

That's how CNBC host Jim Cramer views recent stock market action, which has been vulnerable to every twist and turn of the US-China trade war.

Tweets like this probably won't help:

At the last check, the Dow Jones Industrial Average

DJIA, + 0.49%

was up by three figures in the afternoon trades after losing more than 300 points in overnight trading on words to make the talks come to an abrupt end.

"I describe an unimaginable market, where if you are convinced you are out of your mind," Cramer said Thursday. In other words, go ahead and throw everything you thought you knew about the market out the window.

Although the bulls have the upper hand in the light of optimistic headlines, Cramer says there is still plenty of time for the next report to send stocks lower.

See the whole segment:


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