The bulls have just put together a quiet but widespread rally that, once again, has gone unheralded or is regarded as unimportant.
But the slide that we look like we are going to have will quickly take on a huge significance, with lots of commentary about all of the usual fiascos and woes and worries. Maybe today we will make it "we don't have a strong president or a strong dollar" day. Or an "OPEC isn't going to get oil to $80" day.
Pick one. They all suit.
I will merely point out that China's still on board with its stimulus, and I expect to hear more of that as we go toward Oct. 1, the 60th anniversary of the founding of the People's Republic of China. It takes a good communist country to get the capitalist juices going.
And Texas Instruments (NYSE: TXN) (Cramer's Take) did indeed say things are rosier than they thought, and that's good news for everyone from Best Buy (NYSE: BBY) (Cramer's Take) and Dell (NASDAQ: DELL) (Cramer's Take) to Corning (NYSE: GLW) (Cramer's Take) and Skyworks (NASDAQ: SWKS) (Cramer's Take) (not that it was needed there), just to name a few analogues and pin actions off of digital growth.
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer had no positions in the stocks mentioned.
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Reader Comments (Page 1 of 1)
9-10-2009 @ 12:56PM
ebrandler34 said...
Cramer and I must be in two separate media worlds. All I see are stories about how the economy has "turned the corner" and we are "emerging from the recession".
There is not one credible source saying "short the market" or "we will revisit Dow 7500". The best you can find is that there "might" be a 10% pullback followed with hearty advice to "buy, buy, buy".
Yes, Cramer ... congratulations, you, the government(s) and the MSM have run the bears off the field. But that's not good enough, is it? You want them to kneel in front of you and commit hara-kiri, so you can spit in their bowels.