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Nothing More Than a Rolling Rally

By Jim Cramer

 About this article:
 Here we go again: drawing bogus conclusions from "the action." The fact that we couldn't stay up big after a totally accommodative statement means the market's no good. And once again, I point out that the issue on the line today wasn't the Fed at all, which did nothing surprising whatsoever, but the "throw the bums out" election that effectively ended any chances for a radical change in our health care system. Unfortunately, the election did not impact the oils, the techs or the banks, and those are the drivers. You are not going to move the market's needle with a rally in Abbott , WellPoint , Merck and Pfizer . This market could give a fig whether Johnson & Johnson rallies. In fact, Transocean , with its not-so-hot quarter, and Wells Fargo , with the endless death threat of a secondary hanging over it, and Research In...

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