I know that many of you only look at tech stocks. As a generalist, I look at everything. I thought that the ability of the rest of the market to rally even as tech went down showed me that we were not just in short-squeeze mode (many of the industrial stocks aren't shorted at all).

Instead, it seems like the selling in the tech stocks was natural profit-taking and the buying in the industrial, health care and banks tells me that there is: 1) plenty of money around to buy, and, 2) lots of tax-loss selling that has now taken place.

It isn't always done with tech. Today it was done with Procter & Gamble(PG Quote - Cramer on PG - Stock Picks) and Colgate (CL Quote - Cramer on CL - Stock Picks) and Chase (CMB Quote - Cramer on CMB - Stock Picks) and PNC Financial (PNC Quote - Cramer on PNC - Stock Picks). Nothing shabby about that!