Cramer's Wall St. Confidential: Shorts Squeezed

The shorts have had their feet held to the fire in several key stocks, and that's powering the overall market, Jim Cramer said on TheStreet.com TV's Wall Street Confidential video Thursday.

"It is a tremendous moment for the longs here because they have really caught the shorts with their shorts down," he said.

Apple (AAPL Quote), Genentech (DNA Quote) and Alcoa (AA Quote) are three stocks the bears were counting on to "screw up," he told Aaron Task, the host of Wall Street Confidential. ...