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Selloff Was a Rational One

By Jim Cramer

 About this article:
 Good day to say that everything's awful and it is all a big joke. Good day to say, "Forget it, I told you it was phony." But all I see is a rational selloff when we got really overbought, and it is a logical extension of what always happens when oil is down, even as the Baltic Freight Index, a much truer index of the world's economy, is signaling terrific growth. Let's put it this way: If we weren't overbought, you would have seen everything from ADC Telecommunications and Tellabs to Juniper and NetApp up big on the Hewlett-Packard buyout of 3Com . You would have seen all the retailers up off of Urban Outfitters , Kohl's and Wal-Mart's numbers. But it was not to be. We have run up too much, and without the banks, the techs and the oils, especially...

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