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The Lay of the Market

By Jim Cramer

About this article:
Dichotomy today. You have the oils and the golds and the infrastructure names rallying along with the Coke-a-Mo contingent. That's because we have a split in the market's view. Some just view the Fed as totally hopeless and they can't buy enough drug and food names. Here, I like Altria, for its safe yield, and Schering-Plough for its growth. Don't forget Hologic, CVS and Inverness Medical (the latter is down) as health care plays to augment Medco, which also works. Others believe that an emergency meeting of the Fed is on the horizon and they want minerals and mining and worldwide growth ideas. Throw in tech; Hewlett-Packard and Corning are both ridiculously undervalued given their growth. And, of course, the momentum players, which are easy to track: Las Vegas Sands and Wynn say it all. I think that we are in an "anything but retail or finance" moment. Sure,...

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