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Shorts Get a Bit of a Wake-Up Call

By Jim Cramer

 About this article:
 How much was short ahead of Lowe's? Were people expecting an earnings disaster? Is that what people really believe would happen? It's tough to fight any tape in which oil goes up, which we know is the key to the futures ramping, as counterintuitive as that is. But with Lowe's out of the way and it being horrible but with a glimmer of what happened in February, you get a reason to buy when coupled with oil going up. The oil complex remains the most important complex to this market because of the interrelation to ag. When you have a retailer telling you things have not deteriorated further, when you have a surprise Friday approval for Genentech, and when you have a mercifully not big opening, it gives the bulls a chance. The short focus is important because the shorts were caught on Friday off the...

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