The Market Moves Up as Bears Give Up

Cramer wonders how anyone can find fault with this market as he watches put-sellers throw in the towel.
Publish date:

Bear capitulation is playing a major role in this upside move. I am seeing put-sellers galore as they give up. And why not? They don't have a case right now.

Join the discussion on

Cramer's Latest

B2B Forum

. Oh sure, they have valuation. And they have some sort of bond worries. They can wring their hands about Y2K. But can we stipulate that when rates are benign and earnings are strong, you put the pedal to the metal?

One of the things that drive me up a wall is when I hear people finding fault with this market. What do they want? What do they need to see? What are they upset about? Tell me -- please tell me -- I want to be upset, too. I want to worry more.


Matt Jacobs

just came back from that

First Boston

conference, and as we debrief him over the course of the day, I keep thinking, heck, let's make a


mutual fund of the

B2B. I want in!

The funny thing about all of this is that I asked Matt recently to come up with a list of companies that have already booked all of the business they need to make Street estimates of Q2 already.

He didn't blink! He sees them all of the time. Heck, he picked some in his draft. (And yet I am still smoking him, as our Portfolio Tracker shows.)

I am going to bury, singlehandedly, something that the bears have used against those of us who have tried to make money in this market:

This time it is different


If you don't think so, your screen is broken.

Random musings: Had to go back into



after its paper was way oversubscribed for. That shows strong demand. That's what you want to see.

Be sure to check out the latest standings in Cramer's business-to-business rotisserie contest against his colleague Matt Jacobs.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long Exodus. 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