You heard it here first: The recession is over. That's right, that's what all of these puzzle pieces we're seeing today tell us.
Check out this list:
- General Electric (GE) - Get Report
says it can still do double-digit revenue growth and orders are very healthy.
Housing starts are still on fire, going up 8%.
Best Buy (BBY) - Get ReportandCircuit City (CC) - Get Report say they see strong orders.
Lennar (LEN) - Get Report says it sees earnings sharply higher than expected; it's a massive homebuilder.
DuPont (DD) - Get Report gets upgraded by Merrill Lynch and the stock soars, which is what happens when the call is right.
Seibel (SEBL) joins
Dell (DELL) - Get Report,
Microsoft (MSFT) - Get Report and
Intel (INTC) - Get Report in telling us things are better than expected.
Interest rates keep backing up, a certain sign of demand.
Caterpillar (CAT) - Get Report says it can make its numbers. (Yesterday's news, but I just got to it.)
That's incredible, frankly, a complete menu of strength in all areas that can only mean that the downturn is over. That doesn't mean we aren't going to see more weakness (I am listening to
, and that's a pathetic story) but it does mean that more risk-taking is indeed warranted.
It just feels like that recession, just spied by the economists, is already over!
And not a moment too soon.
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. At the time of publication, Cramer was long General Electric, Best Buy, Dell, Microsoft and Caterpillar.
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