The Big Drivers

Oil, tech, insurance and retail! Talk about a terrific group of drivers to today's market. You aren't going to find many times when traders feel bold enough to buy retail and gasoline, to buy something that costs you money and something that you are going to have less of because of the pump! Home Depot (HD - commentary - Cramer's Take) and Target (TGT - commentary - Cramer's Take) don't go this high going into a depression; they go this high coming out of one. How short were people in Bed Bath & Beyond (BBBY - commentary - Cramer's Take)? This stock's back to where it was before we were in a recession. Reminds me of Best Buy (BBY - commentary - Cramer's Take). These companies are exhibit A and B of what happens when capitalism is allowed to work and we get companies that go under!

Or how about Qualcomm (QCOM - commentary - Cramer's Take) and Cisco (CSCO - commentary - Cramer's Take) finally trading with next year's prospects rather than last week's prospects? I have said and will say again that Cisco's quarter is not only nothing to write home about, it's outright awful. But, unlike windmills and solar panels, this is a business that is uniquely levered to stimulus programs worldwide. Same with Qualcomm, which I am feeling better about after reading a lengthy piece of research from Sanford Bernstein talking about how China's cell phone business could be improving, again, courtesy of stimulus. IBM (IBM - commentary - Cramer's Take), Microsoft (MSFT - commentary - Cramer's Take) and EMC (EMC - commentary - Cramer's Take) all going higher? Queue up "Party Like It's 1999," these stocks haven't seen this kind of lift together in ages!

You know I like the TARP insurer nod if only because when we think about endless sellers of portfolios and common stocks to meet demands for capital, is anyone more of a seller than these ne'er-do-well insurers? Anything that dries up selling is a friend of the bulls.

Finally, there's oil. The crude's going higher, which is powering Exxon (XOM - commentary - Cramer's Take). Can Chevron (CVX - commentary - Cramer's Take) and Conoco (COP - commentary - Cramer's Take) be far behind?

As I talked to my old friend Mark Haines this morning as part of the 1,000th "Mad Money" show celebration, we both were encouraged how this market shrugs off the futures -- a true sign of strength -- on are regular basis.

Can't love the tape: too overbought, tough level. But when you get better-than-expected numbers, like BBBY, and you ramp 5, or when you get horrid numbers and projections, like Emerson (EMR - commentary - Cramer's Take), and you don't even go down, you simply find it hard to be as negative as the professors and some of the bears out there.

At the time of publication, Cramer was long Qualcomm, Cisco, Chevrom and ConocoPhillips.

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