This column was originally published on RealMoney on May 31 at 11:09 a.m. EDT. It's being republished as a bonus for readers.

Looks like oil's going higher and lower at the same time! Looks like people are willing to believe that everything's good. Oh, how ridiculous that is, but you take it where you can get it.

You know my feeling: Oil's going higher. Play that card. Our policy with Iran is a joke; you know that there's no way we are going to have a deal with those warmongers who play out of the German playbook circa 1939.Still, it sure is sweet to see tech rally and transports rally and the drillers rally and retail rally. That's a sign of strong buying in the

S&P 500


no doubt because of the technicals.

I think people feel we are getting a do-over.


(GM) - Get Report

says, "Don't worry about high fuel prices for cars."


(WMT) - Get Report

has everyone down for a big pow-wow on Friday that could mitigate the sting of last month's numbers.

No wonder we rally hard. Don't be greedy. The propensity of this market


to put together a streak


be respected.

You can scale out small now, keep a lot on your position sheets, but remember that we may not be done retesting that awful level, that S&P low.

Random musings:

The action in

Mitsubishi UFJ Financial


tells me it is Japan's turn to bounce tonight. ... I should be furious at the Deutsche Bank downgrade of

Ingersoll Rand

(IR) - Get Report

because of alleged strength. Instead, I am just using it to buy for

Action Alerts PLUS.

At the time of publication, Cramer was long Mitsubishi UFJ Financial and Ingersoll Rand.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from