TheStreet.com RealMoney

Rough-and-Tumble Bull Market

By Jim Cramer

 About this article:
 This market's struggling with valuations and struggling with earnings. It doesn't seem to know what multiple to put on a Kohl's , say, or a Target . It only knows that the multiples are too low on retail, so it blows through one multiple point to a higher one on nothing. Literally nothing. Just a typical mutual fund Monday. Or Deere and the fertilizes. Two weeks ago, the Wall Street Journal wrote off the farm equipment sector with a piece about strapped farmers not buying equipment. Then, the next day, Deere reported a good quarter but crummy guidance. Then on Monday, the market forgot the guidance and just focused on the quarter? How else can you explain the rally in the best farm equipment maker in the world? Simple: it shouldn't have been as low as it was. And there are so many others like that,...

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