Get Ready for the Usual Lies

Retest succeeded. GM (GM - commentary - Cramer's Take) says it is doing well. The drillers and the soft goods are providing some leadership. Health care is pitching in.

Wouldn't you know it? One-third of the market is bottoming.

Shocker.

Now a couple of other bull markets are kicking in: aerospace and defense, thanks to Boeing (BA - commentary - Cramer's Take) and Lockheed Martin (LMT - commentary - Cramer's Take).

Enough to build a case? Enough to say that the market is performing as it always does when the economy is slowing down and we have a correction. The defense and defensives are rallying. And techs that recently reported good quarters-- like Marvell (MRVL - commentary - Cramer's Take) -- are moving on up.

Soon the people who came on this morning and said they were no longer bullish or were tepid bulls will claim that they bought into the weakness. A bunch of people who said we hadn't bottomed will say that we have bottomed.

The usual lies.

And a lot of clowns got blown away selling into the opening. I am sure they felt relieved for all of the 10 minutes that they weren't lugging.

Now, just seal the windows.

At the time of publication, Cramer was long Marvell.

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Jim Cramer is a director and co-founder 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. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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