Drugs, banks, retail: You name it, it's working. We are always reluctant to buy up here, worried that the rug can be pulled out from underneath us. We are long and have had a huge run. That said, this market has a darn good feel to it.
So we are letting our big positions run and cutting out little positions and hoping that at some point today some clown comes on TV and says that the breadth, which is great, isn't great, or that corporate profits, which are robust, aren't so hot, or that the technicals, which are fine, stink. That would be par for the course, wouldn't it?
Ah, even as I write, someone is doubting the sustainability of a rally and talking about a head fake. The media -- can they ever make you money?
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. 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