What You Won't Hear About This Rally

Where are the articles that talk about how this market is unbelievably good? Where are the ones that say that despite the market's tremendously overbought reading, it's still going higher and the dips are being bought -- even when the history is that when we get this overbought, the dips aren't contained?

Where's the history of this? Are people who said it was a rally in a bear market now switching gears and saying, "Oh, man, this is just so powerful and dramatic that I have to admit that I am wrong"?

Does anyone ever say that, once they have declared it a rally in a bear market? Can you ever switch once you have that stance and say, "You know what, it is actually more of a bull than a bear"? You know, a little change in the ol' taxonomy?

I cannot recall sustained periods where the market doesn't do what it is supposed to do. Here it is, for all intents and purposes, Sept. 21, and this month has been fabulous, as the "sell in May" crowd found out.

But I never hear anyone come on TV and say, "You know what? I misjudged the power of this market. I would have thought we would be much lower."

The rotation today is another thing that shocks me. How can you have Transocean (RIG - commentary - Trade Now) and PepsiCo (PEP - commentary - Trade Now) and Fortune Brands (FO - commentary - Trade Now) up a dollar or more? They don't work together?

How about this: Goldman (GS - commentary - Trade Now), that's just one of the most powerful stocks I have ever seen. Procter & Gamble (PG - commentary - Trade Now) goes up almost $2 because of a meeting with management where management admits it did a bad book.

If I didn't know any better, I would say that we are in short supply of equity, even as I know that the banks have printed endless amounts, and the buybacks have all but ceased.

Anyway, we will test a new supply thesis next week with a host of brand-new companies. Maybe that will provide one of those eureka "I told you they are going to take advantage of these too-high prices and print stocks" moment.

Otherwise, sorry, put me in the camp that says, "Holy cow, I can't believe it. What a tape!"

At the time of publication, Cramer was long Goldman Sachs, PepsiCo and Procter & Gamble.

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