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Investors Are Rethinking Their Snap Judgments

By Jim Cramer

 About this article:
 The lack of important data today forces market participants to revisit stories that got tossed out over the last few weeks simply because of earnings ennui. People are now doubling back to see what they have forgotten, or more important, why they sold certain stocks they most likely shouldn't have. For example, why did JPMorgan go from $47 to $44? Bad loans? Credit quality? No, not really. Nothing like that. Why did Goldman Sachs go from $192 to the $170s? Some of it was Meredith Whitney, but there is also a sense of entitlement that makes the firm hated, as if somehow it is too much of a pariah to invest in. How about the techs? Does anyone recall why Intel stopped going up? Was it because margins aren't going up? No, because they are going up huge. Demand? Hardly, if you listen to...

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