Cramer: This bear market is getting long in the tooth — here’s what is changing.

We had tremendous crowds, including many grateful Club members, and I always make time to talk to everyone. Here’s what I found: Almost everyone was nervous about the stock market. They weren’t persuaded by Friday’s rally, when the S&P 500 and the Nasdaq rose 2.37% and 2.31%, respectively. They have been hurt by the semiconductor stocks which, in turn, have been hurt by President Joe Biden. $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$

I get that. The intellectual power of semiconductors may make even the slowest of chips from Advanced Micro Devices $Advanced Micro Devices (AMD.US)$ and Nvidia $NVIDIA (NVDA.US)$ the target of White House bans. Perhaps the Chinese find a way to put them in the data centers. Or use them militarily. It might prove to be too much for President Biden to allow. $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $PHLX Semiconductor Index (.SOX.US)$