Money Keeps Flowing to Health Care

If you spoke at that JPMorgan (JPM - commentary - Cramer's Take) conference, your stock moved! It sure seems like that.

St. Jude (STJ - commentary - Cramer's Take), Wyeth (WYE - commentary - Cramer's Take), Humana (HUM - commentary - Cramer's Take), Amgen (AMGN - commentary - Cramer's Take), Isis (ISIS - commentary - Cramer's Take), Genentech (DNA - commentary - Cramer's Take), Lilly (LLY - commentary - Cramer's Take) you name it, they reaffirm, and you get a big ramp. That's all it took. That's how great health care is right now.

Biotech Buzz: Fresh News From JP Morgan Confab

Humana and St. Jude did small boosts and people just went crazy! Especially when you consider that this group was Public Enemy No. 1 when Hillary Clinton was in the White House. She won last night. No one who is buying even cares. Delicious irony, no?

Of course there's nothing going on here except the recession predictions that seem to elude the Fed. Money comes out of everything else and into this group. Today it's out of ag and infra and into this group, as ag suffers from Mosaic (MOS - commentary - Cramer's Take) margin pressure and infra suffers from fears of recession. (I am not buying either trend, but how can people not take profits in these?)

Of course, every time The Gang of Four and The Three Stooges blink, you are going to see money moving into these groups. That's jut a fright trade, as in you gotta be concerned about these kinds of gobs-of-points declines.

They are pretty shocking.

So the JPM conference gave the portfolio managers a real good excuse to buy.

And they are taking it ... big time.

At the time of publication, Cramer was long St. Jude.

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