
Safety Last

By Jim Cramer
About this article:
When you see Gilead, Coca-Cola, Abbott Laboratories and Merck down on this otherwise perfect day, you have to recognize that consistency is so out of favor as to make safety be the killer -- the true generator of underperformance.
People want Sears because they want to play companies that will benefit coming out of a recession and are still solvent. They want Johnson Controls because they need some play on autos because the auto market is coming back.
They want overvalued companies like Fortune Brands and Masco because they won't be overvalued when housing comes back. And they want anything that has anything to do with oil.
I have said over and over again that the tells to this market are Schlumberger and Transocean and here they go again. The notion that natural gas stocks correctly predict the future is in full force.
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