This column was originally published on RealMoney on March 17 at 9:40 a.m. EST. It's being republished as a bonus for TheStreet.com readers.

They can't all go up at once. And they never have. A bull market is a preponderance, not a big stampede that embraces all cattle.

Yet, there people were Thursday, saying the breakdown in Marvell ( MRVL) and Broadcom ( BRCM) spelled the end of whatever's going on here.

How can people be so short-sighted? I just don't understand.

Sure, we would feel more confident if Intel ( INTC) were to stop going down for a couple of days. I know I didn't like what I heard from Kulicke & Soffa ( KLIC) Thursday. Wire bonding for semis is an important tell.

But to say that's the end of this run is no more valid than saying the bull market ended when Procter & Gamble ( PG) didn't raise its range the other day. It's just faulty thinking.

More important, there are a lot of bears out there who point to this faltering; there aren't a lot of bulls who point to it. Money's coming in for certain, it's just not going to the Net or to semiconductors.

I say, forget about the Nazz for awhile. It's the big listed guys' turn. That's enough to do the job, and for once, accept that stocks are really and truly breaking out. While Marvell and Broadcom were leaders, it's their time for a breather. No more than that.

What would make me change my mind? How about if I saw Goldman ( GS) or Wells ( WFC) crater? How about if Fluor ( FLR) hadn't bounced back, or Illinois Tool Works ( ITW) and Emerson ( EMR) and Textron ( TXT) or Rockwell ( ROK) go into a tailspin. They are the generals now, they are the ones going higher and leading us to new highs.


Please note that due to factors including low market capitalization and/or insufficient public float, we consider Kulicke & Soffa to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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At the time of publication, Cramer was long Wells Fargo and Procter & Gamble.

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