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You'd think it would take more to get the taste of
out of our mouths, especially because
what is terrible for Lexmark is terrible for
But an odd combination of
a dividend boost and a buyback from
-- what was that waiting for? -- a not-as-miserable-as-expected quarter out of
and a bang-up quarter from perennial takeover candidate
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.
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
I don't think this stuff can wipe the taste away of
, but it does go far toward reminding us that
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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