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You can't have everything you want in a red-hot tape. The bids for two cyclical companies (Phelps Dodge(PD Quote) and Oregon Steel(OS Quote)) were motivated by the huge cash flow and terribly low valuations because of the playbook, that not-so-fictitious set of rules big money uses to guide its decisions based on the season, the rate curve, etc. The Equity Office Properties(EOP Quote) deal didn't have much of a premium but still didn't get the respect it deserved, given that the commercial real estate business is on fire and has been for a long time.

Yet, the papers are all playing it as the beginning of the selloff because $50 billion in takeovers couldn't move the market's needle.

I urge you not to think like this. We have plenty of sectors that still sell at low multiples after the run, and I believe the flood of money into the market will still buoy us.

More rallies ahead, and nothing really negative on the horizon.

Random musings: New book alert! Jim Cramer's Mad Money: Watch TV, Get Rich comes out Dec. 5. Even better, I've got all kinds of special deals for the book and Action Alerts PLUS and more, so watch the site. Can't wait? Gotta be the first one on your block to have it? Preorder your copy on Amazon now.

At the time of publication, Cramer had no positions in any of the stocks mentioned in this column.

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Rev Shark's Blog: Giving Thanks -- to the Stock Market

Originally published on 11/22/2006 at 12:41 p.m. EST

During the hustle and bustle of the holiday season, it is easy to overlook what the festivities are all about. Aside from enjoying the time with family and friends, it really is a good time to reflect on the many blessings we have in our lives.