Hated, Trashed and Despised

The market is not being kind to drug, banking and food stocks.
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How hated are these drug stocks? How trashed are these banks? How despised are these food stocks? I mean have you looked at

General Mills

(GIS) - Get Report

lately? Those guys were doing well. Have you checked out the hated bank stocks?

Chase

(CMB)

is on the tape daily saying the right things and nobody cares.

The bottom line is that if you went to the offices of

Bristol-Myers

(BMY) - Get Report

today, they have to be in disbelief. They launched a surgical air strike against the sellers and ended up bombing their own! (

Merck

(MRK) - Get Report

is having a meeting tomorrow, lotsa luck folks!)

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Meanwhile, little companies hold obscure lunches midtown and their stocks ramp 23! Other companies get rumored to be added to the

S&P

and they go up 10! Companies that make it easier to mail, or send, or read or process things online continue to be incredible. And companies that develop other companies that might one day make money helping other companies process orders on the Net?

Those are up the most.

And now Matt "

B2B" Jacobs just walked out to go to three days of meetings about Class Five Switches!! What do I do now? My Rosetta stone headed to Orlando?

Guess I gotta study up on those utilities.

Random musings

: Many of you who are grateful for how we have done and write me, skip the gesture and give a friend a gift subscription instead. They sure make it easy this year.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. Cramer's fund may be long or short certain stocks in his B2B rotisserie league or Red Hot index. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. 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 at

jjcletters@thestreet.com.