'RealMoney' Radio Wrap-Up: Bears Can't Win

Bears can't kill this market, Jim Cramer said Wednesday on "RealMoney" radio show.

Cramer said health care stocks may be down due to HCA's(HCA Quote) disappointing second-quarter outlook, and drug stocks may be down on account of Abbott Laboratories' (ABT Quote) failure to overwhelm analysts' expectations.

But Cramer said neither event was bad enough to sink this tape. "Nothing sticks even when they try and slam it," he said of investors betting against the market.

Why is the market so resilient?

First off, Cramer said, it's summer and bankers are on the golf courses or at the beach. That means there aren't a lot of deals or new issues drowning the market. Next, mutual funds are making money and that becomes "self-fulfilling" in a bull market, Cramer said.

Finally, the macroeconomic backdrop is positive. The Fed is also on vacation and, as we learned Wednesday, the deficit is coming down. Those kinds of developments "let the bullish mind wander," Cramer said.

One bullish place of late has been the Eastman Kodak (EK Quote) option pit. Cramer said he has heard that people are speculating that Hewlett-Packard (HPQ Quote) is looking to buy Kodak.

Don't believe the tale, Cramer said -- he said he believes it's just a rumor. And if you get a tip on Kodak, leave it on the table because "tips are for waiters." Cramer's instinct tells him that somebody probably wants out of Kodak because it is going to have a crummy quarter, he said.

What would he do in the face of this action? He said twist it around and buy HPQ. "If somebody really knew something, then it would be insider trading, but if it opens up an opportunity to get into technology, where the turnaround is real, then take it," he said.