Gotta Love a Market That Changes Focus

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You'd think it would take more to get the taste of Lexmark(LXK - Cramer's Take - Stockpickr) out of our mouths, especially because what is terrible for Lexmark is terrible for Dell(DELL - Cramer's Take - Stockpickr) and Hewlett-Packard(HPQ - Cramer's Take - Stockpickr).

But an odd combination of a dividend boost and a buyback from IBM(IBM - Cramer's Take - Stockpickr) -- what was that waiting for? -- a not-as-miserable-as-expected quarter out of Taiwan Semi(TSM - Cramer's Take - Stockpickr) and a bang-up quarter from perennial takeover candidate FileNet(FILE - Cramer's Take - Stockpickr) managed to sugarcoat the taste and let us advance.

You wouldn't expect this market to be that forgiving. You would think that Lexmark would keep things down for a tad longer, particularly given the lack of snap in the Net today.

I like markets that don't make up their minds in the morning and then stick with that theme. I like markets that are willing to readjust and focus on something new, rather than dwell on Lexmark's bum quarter. Even more, I am pleasantly surprised by the pin action in Altera(ALTR - Cramer's Take - Stockpickr).

I don't think this stuff can wipe the taste away of Apple(AAPL - Cramer's Take - Stockpickr), but it does go far toward reminding us that Nokia(NOK - Cramer's Take - Stockpickr), Motorola(MOT - Cramer's Take - Stockpickr) and Ericsson(ERICY - Cramer's Take - Stockpickr) were good.

All in all, not a bad showing so far!