
A Big Breakout

By Jim Cramer
About this article:
Not so much of a meltup as an out-and-out jailbreak! An astounding one to see the rally in drugs and utes and techs and oils all at once. Not to mention every cyclical stock in the land.
I have endlessly harped on the dichotomy between the facts and what is read and heard about, chiefly on housing. This whole garden-variety depression was caused by housing and its attendant securities, and you are seeing that denouement play out.
As it does, you see so many sectors rebound. When you couple that with the Obama disapproval ratings -- forward indicator of the S&P 500 -- you can see the groups that jump: utilities (no cap-and-trade, see Exelon), oils (no prohibitive taxes and maybe nat gas finally being used, see Occidental, Devon, Apache and Anadarko), health care (no real reform occurring because of historic left-wing overreach in a center-right country,...

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