TheStreet.com RealMoney

This Market Can Handle the Stock Supply

By Jim Cramer

 About this article:
 There was a time when if you told me that gold and oil were roaring, I would sell everything except Schlumberger and Barrick Gold. This is certainly not that time. This market shrugs off two historical negatives like they are simply dead wrong. It ignores factors that used to cause 2% to 3% declines in any other market. Why is that? I think, again, it's because prices got so out of hand to the downside in March that we are still getting to levels that reflect that we aren't going to have massive defaults and an endless credit crisis. The market is testing every underinvested soul and every buyer of puts, particularly those put-buyers who go to work on the down days like yesterday. I think the wonder of this market is its ability to be able to absorb these blows and endless supply -- $70 billion in financial stocks...

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