Editor's Note: This article was originally published on Real Money on Sept. 9. To see Jim Cramer's latest commentary as it's published, sign up for a free trial of Real Money.
With the NAZZ going back to the levels of 2000 and with the Dow having its best day in a couple of months, we are all about relative performance today, relative as in, "You have to be in the industrials, not the banks and the drugs."
We get to these points periodically and you realize what a real bull market feels like. That's when you have to sell stocks like Exxon (XOM) to buy EOG Resources (EOG), or you have to sell PepsiCo (PEP) to buy Netflix (NFLX). You can't afford to be in UPS (UPS) and you have to be in Amazon (AMZN)
It's very difficult to keep up in this part of a bull market. That's because this market is saying, "You have to buy the international stocks and you have to take some risk or you are going to be so far behind you will never catch up."Now, a lot of this is the "offering" that Syrian President Assad will do something good so that President Obama doesn't have to blow up Damascus. That goes away if or when Assad doesn't do what he says he will. But more important, this is a big-cap rally centered on stocks of companies that reported in-line to slightly better numbers -- Boeing (BA), Honeywell (HON), United Technologies (UTX), 3M (MMM) -- and those who want to play have to lose their safety blanket. That's so hard given that three days ago we had to be in those stocks. Keeping up, chasing, taking -- these are the spirits of this market right now. What still fits that isn't roaring? How about Timken (TKR) and Johnson Controls (JCI)? How about Home Depot (HD) is Whirlpool (WHR) and Fortune Brands Home & Security (FBHS) are ramping? And yes, you can still buy Vale (VALE). Lots to buy and not much that's down is typical at this stage of a bull market advance that looked like it was gassed when bonds were about to trade through 3% just last week.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV