The Case of the Vanishing Sellers

Where's the supply up here? Where are all of the people who feel that natural gas is going to $4? Where are all of the sellers of Google (GOOG - commentary - Cramer's Take) who are worried about advertising? Where are the sellers of Disney (DIS - commentary - Cramer's Take) who know the quarter can't be strong?

Where are all the people who sneered at Caterpillar (CAT - commentary - Cramer's Take) when the company said the second half of 2009 would be better? Where are the sellers of the coal stocks and the steel stocks who were worried about a worldwide depression? Where are the people who thought that General Electric (GE - commentary - Cramer's Take) was in trouble with its GE Finance like it said in The New York Times? Where are the sellers of the New York Times (NYT - commentary - Cramer's Take)?

We are seeing the effects of lower gasoline everywhere today, including all of the retailers that everyone told us would have a horrible holiday season. Target (TGT - commentary - Cramer's Take), J.C. Penney (JCP - commentary - Cramer's Take) and the other trade ups from Wal-Mart (WMT - commentary - Cramer's Take) are just tearing. What happened to those sellers there? What happened to all of the people who were worried about bad debts and stretched consumers? Remarkable how little memory we have of a week ago. Did people get short these off of the unemployment number and then just not bother to cover?

We are seeing the brokers who were supposed to blow up -- Goldman Sachs (GS - commentary - Cramer's Take) and Morgan Stanley (MS - commentary - Cramer's Take) -- up huge from a few days ago. How about Citigroup (C - commentary - Cramer's Take) making its move? Did people get short these, hoping for another Meredith Whitney number cut?

Can someone tell me what happened to the sellers of Freeport-McMoRan (FCX - commentary - Cramer's Take) who had left it for dead? How about Joy Global (JOYG - commentary - Cramer's Take)? What a dog, now gorgeous. And perhaps the most outrageous of all? Foster Wheeler (FWLT - commentary - Cramer's Take). Here is a company that has nothing to do with the Obama infrastructure plan, that has been sold endlessly by hedge funds, that had done everything right by investors, and it has been skewered until today.

Frankly, it's a bit of a joke. The sellers were clearly forced. Or they would be back. They sure aren't around today.

That's OK, I will take it !

Random musings: I would still buy Hewlett-Packard (HPQ - commentary - Cramer's Take) here if they are going to take up all of these tech stocks on the Nasdaq that aren't doing well, because HPQ is.

At the time of publication, Cramer was long Freeport-McMoRan, Foster Wheeler, Goldman Sachs, Hewlett-Packard, Morgan Stanley and Wal-Mart.

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