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Why We're Up, Despite the Bad News

By Jim Cramer

About this article:
Bears are growling, and I can't blame them. The oscillator I follow is an off-the-charts plus-7, and it is expiration week. But the rolling bull market just keeps moving along. The cyclicals, Weyerhaeuser, Honeywell, Whirlpool, Dow, Joy Global, I mean this is just something. They kept advancing from the get-go. Then there's Apple, Google and Research In Motion. How did they become unstoppable again? Of course, after the close we discover that Genesis Leasing might be the target of an acquirer. Can you imagine if that leasing business comes on strong with consolidation? Turns out it might have been mutual fund Monday and merger Monday. Today in the Columnist Conversation there was a sobering discussion of where this market is and where it is going. It was pointed because of its lack of vitriol and just an understanding that many bad things could still happen, but the market seems...

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