TheStreet.com's Jim Cramer says if they sense they're missing out on a big move, their panic could sustain a rally.
The hedge funds don't want this rally to continue, so it may just have to continue. Sometimes it is like that.
We are going to keep the rally going because of the $193 billion in new drug money and because of the lack of equity issuance and the inability of the ProShares UltraBear Financials (NYSE: SKF) (Cramer's Take) types to succeed right now, given the banks' newfound ability to defend themselves. Plus, despite the endless "purist" defenses of a broken system that destroys good banks as well as bad ones, I detect sensibility coming from Ben Bernanke, Tim Geithner, the FASB people and the SEC. The government is trying to take back the system, not the banks, and it shows in a better tone.
The hedge funds don't want this rally to continue, so it may just have to continue. Sometimes it is like that.
We are going to keep the rally going because of the $193 billion in new drug money and because of the lack of equity issuance and the inability of the ProShares UltraBear Financials (NYSE: SKF) (Cramer's Take) types to succeed right now, given the banks' newfound ability to defend themselves. Plus, despite the endless "purist" defenses of a broken system that destroys good banks as well as bad ones, I detect sensibility coming from Ben Bernanke, Tim Geithner, the FASB people and the SEC. The government is trying to take back the system, not the banks, and it shows in a better tone.
Before the bell: Stocks futures steady ahead of GDP, housing data
Google's plan for netbook PCs moves higher into the clouds
So long peak oil, here comes peak uranium
