What's the Edge in Coal and Nat Gas?

They have earnings. That's the difference between the rockets this time -- the fertilizers and the nat gas stocks -- and the dot-coms. It is so tempting to say that they are the same, that the parabolic moves of the ags and the nat gases cannot be sustained.

I do believe they can, but I can't, as a discipline, believe that if you buy Mosaic (MOS - commentary - Cramer's Take) or Devon (DVN - commentary - Cramer's Take) today you will make money today from these levels.

I always feel that you need some sort of edge to buy, but let's take the momentum that is Arch Coal (ACI - commentary - Cramer's Take). Yesterday, this whole so-called preannouncement killed the momentum move.

Instead, today, it helps ignite it again.

When it is this nuts, when there is a rally on news of lower estimates, I don't know what to say or do. I feel paralyzed.

For others, that means buy.

Maybe someone knows something I don't know about pricing in coal for the future.

Maybe someone knows about a price increase in fertilizer -- like we got today with the health maintenance organizations from the Feds.

Otherwise, I just don't have a case to buy.

Random musings: This student loan market is just amazing; it disappeared. ... Nuttily, Altria (MO - commentary - Cramer's Take) and Philip Morris (PM - commentary - Cramer's Take) act pretty terribly. That's a major opportunity because these two companies are going to do a lot of things that had not been possible and are not in the numbers. ... Is Allegheny Technologies (ATI - commentary - Cramer's Take) going to get a bid? I believe there will be only one or two U.S. steel companies in this country, and I don't expect this one to be one of them. ... People should run to Lenny Dykstra's column on Boeing (BA - commentary - Cramer's Take). I think he is going to be very right.

At the time of publication, Cramer was long Altria and Philip Morris.

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