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As You Can See, Bad News Is Priced In

By Jim Cramer

 About this article:
 Terrible article about Cisco this morning. Shouldn't that stock have been clubbed? Consumer spending is going down -- how is MasterCard up? We hear about endless pressure in investment banking, but Morgan Stanley's up again? To me, these are excellent signs that bad news is included in a ton of stocks. Now we know that there were heavy shorts out there, including ones put on right here, this morning, when the market didn't open down much. Seemed like a good opportunity to put stock out. In fact, the only good news this morning was The Hartford beating the numbers. Good news is something: The stock doubled! Oh, and for the first time since I made the call, I began to think that I am being too late in calling for a housing bottom in June of 2009. There is way too much stimulus out there for the...

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