This column was originally published on RealMoney on Sept. 22 at 8:31 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
There's a reason why you can't leave the table yet for the
of the world and that reason is one word: Treasuries.
When I see the Treasuries at a 17-month low, that tells me that economic activity is still falling, which means there is still plenty of commodity and industrial money sloshing around that can go to these stocks.
I have been debating all morning whether
is a sell. The company reports next week. The stock is extended. The business is just okay. There's nothing special happening here.
Some analysts think it will miss by a penny. Others think that its initiative with
could hurt it.
But I know that people will simply buy the stock if it does the number, in part because of the slowdown and what the bonds are saying. It's just too good a risk-reward to sell. That was also the reason for the frenetic buying in General Mills. We had just caught a downgrade recently, lots of people wanted to call the top, as I would like to in McCormick, but it just won't work.
We don't have to leave this group until it is clear the
needs to loosen. And other than yours truly, I don't know anyone who thinks they should!
At the time of publication, Cramer had no positions in stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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