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Positive Reports Can't Be Shot Down

By Jim Cramer

 About this article:
 Self-fulfilling? That's what I think about when I see the headline "Time, history are on the side of the market bulls," from USA Today. Or "Is that a Bull Walking up Wall Street?" in the Washington Post. Or "Creeping Up to 5 Digits Yet Again," in The New York Times. These were all the lead stories in today's papers. The tendency among too many professionals is to lead to the conclusion that the suckers are back, or that it can't be good news if the retail investor is now starting to buy. The smart-alec way to approach these stories if you are at a hedge fund is to say, "I have to get short, I have to bet against these people." Plus, as I wrote earlier, many of these managers are already bearish, and while they may feel compelled to put money to work out of their...

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