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Yep, Yesterday's Selling Was Phony

By Jim Cramer

About this article:
Soggy outside, soggy day. No doubt about it. But believe me, if the oil futures were up, we would be roaring again. The question put to me from Doug Kass is whether the late selloff in the last session was "phony." I think it was. I think that if oil were up, we would have seen it higher so that the selloff today is random and reversible if oil turns. Here's why: On Monday I believe we will see still one more huge wave of money coming into this market. It will head to winner funds, and the winner funds are overweighted in Apple , Research In Motion , Oracle , Google and the other "usual suspects." That's why I think you have to get ahead of it and use the cover of the "invisible ceiling" of the Dow Jones Industrial Average, as USA Today points...

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