This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Cramer: What a Real Bull Market Feels Like

Editor's Note: This article was originally published on Real Money on Sept. 9. To see Jim Cramer's latest commentary as it's published, sign up for a free trial of Real Money.

With the NAZZ going back to the levels of 2000 and with the Dow having its best day in a couple of months, we are all about relative performance today, relative as in, "You have to be in the industrials, not the banks and the drugs."

We get to these points periodically and you realize what a real bull market feels like. That's when you have to sell stocks like Exxon (XOM - Get Report) to buy EOG Resources (EOG - Get Report), or you have to sell PepsiCo (PEP - Get Report) to buy Netflix (NFLX - Get Report). You can't afford to be in UPS (UPS - Get Report) and you have to be in Amazon (AMZN - Get Report)

It's very difficult to keep up in this part of a bull market. That's because this market is saying, "You have to buy the international stocks and you have to take some risk or you are going to be so far behind you will never catch up."

Now, a lot of this is the "offering" that Syrian President Assad will do something good so that President Obama doesn't have to blow up Damascus. That goes away if or when Assad doesn't do what he says he will.

But more important, this is a big-cap rally centered on stocks of companies that reported in-line to slightly better numbers -- Boeing (BA - Get Report), Honeywell (HON - Get Report), United Technologies (UTX - Get Report), 3M (MMM - Get Report) -- and those who want to play have to lose their safety blanket. That's so hard given that three days ago we had to be in those stocks.

Keeping up, chasing, taking -- these are the spirits of this market right now. What still fits that isn't roaring? How about Timken (TKR - Get Report) and Johnson Controls (JCI - Get Report)? How about Home Depot (HD - Get Report) is Whirlpool (WHR - Get Report) and Fortune Brands Home & Security (FBHS - Get Report) are ramping? And yes, you can still buy Vale (VALE - Get Report).

Lots to buy and not much that's down is typical at this stage of a bull market advance that looked like it was gassed when bonds were about to trade through 3% just last week.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long HON, JCI, TKR and VALE.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Markets

DOW 17,386.50 -292.20 -1.65%
S&P 500 2,042.99 -14.10 -0.69%
NASDAQ 4,698.2940 -73.4690 -1.54%

Our Tweets

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs