We're In a Good Spot

So now where are all of those folks who told me that I was all wet and all too positive? Where are the people who said that today would make me look like a moron?

I will tell you where they are. They are preparing tomorrow's attack on my view that things aren't that bad. They are readying tomorrow's onslaught. They are simply recharging their negativity and all set to say that the turn in Goldman Sachs (GS - commentary - Trade Now) wasn't for real, and Home Depot's (HD - commentary - Trade Now) decline signals the end of the housing move and how the Denbury Resources (DNR - commentary - Trade Now) deal is an aberration. They are ready to say that Research In Motion (RIMM - commentary - Trade Now) trumps anything good in tech and that Google's (GOOG - commentary - Trade Now) decline represents the future, even as it came back from up $7.

In other words, a meaningful session is a down one, a meaningless session is one that opens up, goes down, and then rallies.

I look at it the other way: People should simply wait until this market comes in and buy it then.

It's been working.

It's a good strategy.

Think of it like this: If you bought the lows on Friday, you could kick out merchandise into the strength and rebuy it when it came down.

You know what that's called?

A healthy market.

At the time of publication, Cramer was long GS.

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