Unfortunately, the election did not impact the oils, the techs or the banks, and those are the drivers. You are not going to move the market's needle with a rally in Abbott (ABT - commentary - Trade Now), WellPoint (WLP - commentary - Trade Now), Merck (MRK - commentary - Trade Now)and Pfizer (PFE - commentary - Trade Now). This market could give a fig whether Johnson & Johnson (JNJ - commentary - Trade Now) rallies.

In fact, Transocean (RIG - commentary - Trade Now), with its not-so-hot quarter, and Wells Fargo (WFC - commentary - Trade Now), with the endless death threat of a secondary hanging over it, and Research In Motion (RIMM - commentary - Trade Now) mean more than all of those winning stocks put together. In fact, the Nasdaq, excluding Apple (AAPL - commentary - Trade Now) and Google (GOOG - commentary - Trade Now), acted pretty awfully.

So, again, I bridle at the notion that the "action" is poor. I simply point out that, just as we can be in a rolling correction, we can be in a rolling rally. It was health care's turn today, yesterday it was the transports, courtesy of Warren Buffet.

Really nothing more than that.

At the time of publication, Cramer was long ABT and WFC.

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