TheStreet.com RealMoney

Looking for Reasons

By Jim Cramer

About this article:
I see a lot of bizarrely positive theses going on today, many of which I disagree with. One is that the market just went down too much yesterday, giving people a chance to get back in. Fatuous. We are really overbought, and we haven't even seen what the Bear Pro Ultra funds have in for us later today. A second thesis: We have some good earnings in some beaten-down areas; you have to love the Shaw Group (I bought some Foster Wheeler right after it). That Shaw is spurring the down-and-out infrastructure group, which has been hit endlessly by Hedge Fund Hell. I am buying this thesis because the stocks are now hated and cheap. Fluor belongs higher. AECOM never quits. More theses: The drug stocks aren't getting as hammered as they have been, perhaps because the unemployment number is going to...

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