It's Quiet Out There ... Maybe Too Quiet

The bears need something to kill this market, and I don't see what they have. Could they be keying on a bad number for Disney (DIS - commentary - Cramer's Take) after the close? There's a lot of opportunity there because theme parks and ABC/ESPN will almost surely be soft. I sure would feel better if that stock were going down.

We might be staring at some big equity offerings that we don't know about in the banking business. Why doesn't Bank of America (BAC - commentary - Cramer's Take) do a deal, or Wells Fargo (WFC - commentary - Cramer's Take)? Why wait? Why not take advantage of these bounces and just raise the darned equity? The bears might have something there.

Maybe the bears can say, "Just wait until you see Cisco (CSCO - commentary - Cramer's Take)"? Could a possible disappointment there be on the horizon, given that it's been down now for two days?

Or could it be some big lurking downgrades, as lately many of the upgrades and the downgrades have been anticipated?

Could it be a failure of the Fed's TALF plan? I don't think so. I believe there's strong demand. Stress test results Thursday? Boring.

Maybe that's what bothers me. I can't figure what can make the bears' strategies go right. Given that we are at more than plus-8 on the oscillator, it won't take much. The fact that I don't see anything other than the over-optimism makes me just plain nervous.

Don't want to buy 'em here. And, like Doug, I don't want to sell 'em either.

Sidelines. For the moment.

At the time of publication, Cramer was long Cisco and Wells Fargo.

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