Yeah, they are stampeding today. And it is not being done with
. It's being done with the stuff that goes up when interest rates have peaked. You just don't get these kinds of moves idly. This is a powerful, powerful move and it should be respected.
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Look at your screen. Scan the prices. Check with your broker. Examine these prices. This is a broad-based ABT
rally, and I don't see it running out just yet. Especially with mutual funds flush and their instincts are to put more money to work.
When people speak of a healthy advance/decline, this is it.
Glad I didn't listen to the
. They should ship a whole bunch of them to Pamplona to put out as bait. For a few laughs.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Microsoft. 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