Another day of catch-up? We've got the down-and-out casino industry moving up along with the down-and-out casual dining segment and the down-and-out high-growth retail segment. Oh, and let's not forget the down-and-out telecommunications segment. Or the down-and-out chemical segment.
I am sure this day is truly taxing the shorts, because we have had very few up big days that have been followed by days where more gains were had. I keep reminding people that we have a very long month ahead, and we have lots of stocks that have gotten beaten down within the context of gasoline and oil going higher, all of which can catch their breaths and go higher.
To me, catch-up is natural. The losers get to win, too.
Higher, then lower. That's the ticket.
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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS by clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.
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