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A Drop of Oil, A Hint of Optimism

By Jim Cramer

 About this article:
 Are they really going to rally this thing today? I know with the Dow that it's largely IBM behind the decline, but General Electric and Bank of America are GOOD reasons to sell. Those are excellent catalysts to bolt the market. They are that broad and that worrisome (although, as Doug Kass says, BAC is right to buy.) Some of it, once again, is the turn in oil. It is just remarkable that oil won't quit and that a rally is always meant as a sign that the economy is better than you think. The oil cohort is benefitting from the Halliburton quarterly results. Maybe we need some more rumors that Boeing's latest plane is going to be late -- as we saw this morning. Boeing and Honeywell and United Technologies -- all connected to aerospace -- are rallying. I...

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