A Truly Amazing Market

Let's stop talking about Dow 10,000 and start focusing on how great this market really is.

Author:: Jim Cramer
Publish date:: Mar 12, 1999 9:50 AM EST

Padinha's right about the economy. It is incredibly strong. But these numbers this morning are right, too. There is no inflation. And bonds, after they finish digesting the billions upon billions of issues, will explode to 5%, and we will move higher.

I can't take it anymore. I have to jump up and down about these inflation numbers. We have better inflation numbers than the Japanese, and they have Hoover-like growth. Where are the champions of this darn economy away from

Greenspan

?! These were remarkable numbers for us, especially for those who traded during the

Carter

and

Reagan

years when these numbers used to send us to

Telerate

and then to whack bids for our bonds.

Can you believe it?

Cat

(CAT) - Get Report

blows up and

Oracle

(ORCL) - Get Report

blows up and there is no inflation -- yet the economy is on fire! The whole thing is just amazing, and I sure as heck wish that we would stop talking about

Dow 10,000 and instead focus on how idiosyncratically great this market really is.

OK, had to say something. Back to the foxhole.

Random musings:

Why do we have to trade these days?

Maria Bartiromo

tells us what is going to happen -- right or wrong -- so why can't we just trade futures on what Maria is going to push? ... Sold my

Gillette

(G) - Get Report

yesterday and today

J.P. Morgan

(JPM) - Get Report

upgrades it. (^#$*$*^*%#&#&#&#&#&^^!!!!! ...

Intel's

(INTC) - Get Report

meeting that just ended was A-OK, which leaves only a potential

Compaq

(CPQ)

preannouncement away from forming a bottom in tech. I am buying Intel and am long it.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. At the time of publication, his fund was long J.P. Morgan and Intel, though positions may change at any time. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column by sending an email to letters@thestreet.com.