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Key Words: Jim Cramer says stocks are ‘opening up huge on nothing,’ sees signs of ‘classic bear market’

‘Talk about classic bear market behavior. We crater all week and then we open up huge on nothing, but because we are so oversold it is hard to let things go…’

—Jim Cramer

Are we in bear market or something more benign?

That is the crucial question bedeviling a number of investors, including CNBC personality Jim Cramer, lately. That is even as the Dow Jones Industrial Average was trading more than 350 points higher, with the S&P 500 SPX, +1.36% and the Nasdaq Composite Index COMP, +1.74% both enjoying gains of better-than 1% in early trade.

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