Gotta Love a Market That Changes Focus

In this special bonus, Cramer outlines what makes the action right now so different.
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Editor's note: This is a bonus story from James Cramer, whose commentary usually appears only on

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. We're offering it today to

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You'd think it would take more to get the taste of

Lexmark

(LXK)

out of our mouths, especially because

what is terrible for Lexmark is terrible for

Dell

(DELL) - Get Report

and

Hewlett-Packard

(HPQ) - Get Report

.

But an odd combination of

a dividend boost and a buyback from

IBM

(IBM) - Get Report

-- what was that waiting for? -- a not-as-miserable-as-expected quarter out of

Taiwan Semi

(TSM) - Get Report

and a bang-up quarter from perennial takeover candidate

FileNet

(FILE)

managed to sugarcoat the taste and let us advance.

You wouldn't expect this market to be that forgiving. You would think that Lexmark would keep things down for a tad longer, particularly given the lack of snap in the Net today.

Image placeholder title

I like markets that don't make up their minds in the morning and then stick with that theme. I like markets that are willing to readjust and focus on something new, rather than dwell on Lexmark's bum quarter. Even more, I am pleasantly surprised by the pin action in

Altera

(ALTR) - Get Report

.

I don't think this stuff can wipe the taste away of

Apple

(AAPL) - Get Report

, but it does go far toward reminding us that

Nokia

(NOK) - Get Report

,

Motorola

(MOT)

and

Ericsson

(ERICY)

were good.

All in all, not a bad showing so far!

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by

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