H-P Feeds a Hungry Market By Jim Cramer RealMoney.com Columnist 2/19/2008 5:46 PM EST

Very difficult to fathom what's going on here. No real data points, nothing really happening except emotion.

That was, until after the close, when we got Hewlett-Packard (HPQ) .

Most people won't believe that HPQ is zero-sum, which in many ways it is. We will see another rally in tech a la the rally after Cisco (CSCO) blew up and then didn't blow up, because HPQ is very bellwether-ish.

I think this market was looking for a catalyst -- beyond spiking commodity prices -- and it might have caught it in this HPQ number.

This is a market that is starved for good news away from the endless rally in natural gas/coal and oil.

Starved.

When it gets it, the way Cisco didn't go down after its now notorious guidance, you can catch a rally.

Worth betting that way for now.

Random musings: GM's (GM) building's price might cause people to re-evaluate the selling in a Vornado (VNO) here. Might even make people feel better about the commercial real estate portfolio that got Lehman (LEH) slammed today.

At the time of publication, Cramer was long Hewlett-Packard.

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