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Widespread Trouble Trumps Good Earnings

By Jim Cramer

 About this article:
 Editor's note: Jim Cramer will present his 2009 stock outlook for the first time at TheStreet.com Investment Conference on Saturday, Oct. 25. Limited seating. Act now. Now we have to throw "successful retest" into the mix, just to make things even more difficult. Get ready for that chatter if we don't plummet huge in the afternoon. We have sentiment indicators back to some amazing levels, including the bull/bear with 22 bull. We are still minus 8 on the S&P oscillator. VIX back in the stratosphere. We have people just completely blown away by yesterday's close. We are confused, because General Dynamics and Apple and Northrop Grumman were good, and who expected anything great from Boeing? AT&T is being viewed as terrible, but I don't see the stock exceeding the horrible level it hit earlier this month, even as the nickel miss makes us feel crummy about...

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