This Amazing Market

Stocks like McDonald's (MCD - commentary - Trade Now) shouldn't be going up almost $3 on nothing but an upgrade. Analog Devices (ADI - commentary - Trade Now) says that inventories are low and business is better: another $3. Coca-Cola (KO - commentary - Trade Now) and Procter (PG - commentary - Trade Now) seem poised for a similar move.

This is a totally explosive market. Just amazing. It takes a midday dive and what happens? Put guys come flying in. Sellers materialize, but they simply can't go down. They can't. Not with stocks like PG and MCD and Bank of America (BAC - commentary - Trade Now) and the druggies on the upswing. They are moving too powerfully. They are on fire. People are buying these stocks off the weak dollar in a way that is astonishing, even though the weakness in the dollar's pretty incredible in itself.

I continue to be amazed at these moves that this market is capable of producing. It is almost as if everyone is short everything and any good news means a squeeze. But these are huge market capitalization stocks. Huge.

Just had to point out this horse ... it is amazing.

Random musings: Nat gas people keep referring to Obama and talking about how he is about to come out for the fuel. Rahm Emmanuel has said he likes it. Also, some are saying it can't go lower. But I have heard that. No matter -- Anadarko (APC - commentary - Trade Now) breaking up above the print price might be the most bullish thing for the group I have seen in a while! Nice comeback!

At the time of publication, Cramer had no positions in the stocks mentioned.

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Jim Cramer is co-founder and chairman 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 Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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