GE Weakness Won't Muddy All Waters

Did the final two weeks of March deck the quarter of every company like it did GE (GE - commentary - Cramer's Take)?

NO.

I just can't get there. I just don't see the weakness in GE -- commercial leasing, real estate leasing, and the inability to close deals -- spilling over to the hot sectors: oil and gas, agriculture, minerals and infrastructure.

It's just not dispositive, as we would say back in law school.

There simply isn't that much in common with that portion of the GE miss.

The appliance business? I have said again and again that it's a terrible business right now. The companies that sell appliances are going to do awfully. But that's a "duh" situation for everyone else and is now a "duh" situation for GE, too.

Hospital stuff? Not replicable to anyone but Varian (VAR - commentary - Cramer's Take), not even Hologic (HOLX - commentary - Cramer's Take), where we have information out recently that it is taking share.

Some are complaining that infrastructure was not as good as expected. I just don't see it. Not one bit. If it is oil and gas, it is going monster good.

Don't draw the wrong conclusions. Let others do it. And you pick things up cheaper than those who don't do the homework.

At the time of publication, Cramer was long Hologic. Jim Cramer a featured commentator for CNBC, which is owned by General Electric; as part of his contract, Cramer holds restricted shares in GE.

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