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Jim Cramer: This Stubborn Gloom-and-Doom Cabal

I parsed through Hewlett-Packard's (HPQ) numbers over the weekend and, dare I say, this company is back, and it's starting to really turn. The stock is very inexpensive, and the forthcoming year-over-year comparisons will be easy. I can't wait until this company invents the ultimate 2-D printer -- it has the technology in its Israeli division -- so we don't have to hear about Voxeljet (VJET) anymore. You can say it was all made with headcount cuts. I could come back and say that HP CEO Meg Whitman had to cut heads before the company could grow. That's how all successful turnarounds are done, and she's just finishing stage one.

There were no flies on Tiffany (TIF) or Workday (WDAY) last week, either. When the worst quarter you get is from Cracker Barrel Old Country Store (CBRL), whose shares were already up 70% going into the quarter, you can't really reach a lot of negative conclusions about the market, even as I see people contort themselves into doing so pretty much on an hourly basis.

So let's see what this extended market brings in this new month. To me it will bring price breaks that will be quickly met by buying. That's simply because we only have five more shopping weeks until those who subscribe to the Gloom and Doom but not the Boom start getting their assets stripped away, as surely as a mine are stripped on pretty much a daily basis.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.

Must Read: Digging Into the Dow; Buyable Oil Stocks: Jim Cramer's Best Blogs

Editor's Note: This article was originally published at 7:37 a.m. EST on Real Money on Dec. 2.

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Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

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