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'Not Bad' May Just Be Good Enough Here

By Jim Cramer

 About this article:
 If you were to tell me that business around the world dropped 30% in one quarter -- something that you could argue truly did occur -- I would expect gigantic losses from most industrial companies. They have giant fixed costs that they can't possibly curtail in time to save the quarter, and they have no ability to suddenly start saving money in this environment. Instead, though, we see profits -- profits like those just reported by Du Pont , which put up a number that simply wasn't that bad. That's the best way to describe it: not bad. Same with United Tech . Not bad. We also saw not bad numbers from Emerson , PPG and Illinois Tool Works last week -- not bad, meaning simply these big companies didn't swing to colossal losses as could have been expected. Let's include IBM in that...

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