
The Market Keeps Refuting the Negativity

By Jim Cramer
About this article:
Sure, TARP repayment is "in" the market. But I think what's more important is the notion that we have a whole slew of banks that can be buyers of banks or pieces of banks, something that could also get an impetus from the extraordinary rally in the so-called toxic bonds.
When you combine the fact that the bad bonds are rallying -- no doubt because the need to sell is now past, not necessarily because the underlying collateral -- you have another wave of mutual funds that want these stocks.
We did not get much of a comment about the incredible rally in the credit markets that has been occurring. These bonds are not supposed to be rallying. It is supposed to be impossible to figure out what they are worth. They are also supposed to be something that no one can afford to own.
I look at...

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