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Withstanding the Bears' Barrage

By Jim Cramer

 About this article:
 What an amazing attempt by the bears to take this market down with just a few minutes left. But they couldn't, although the effort was spectacular. The reason they failed was that the market's back in troika mode -- plus the drugs. The Nasdaq has shrugged off the selling and now the market's back in troika mode plus the drugs. That's right -- we have oil, led by Chevron, Devon and Schlumberger on a total bustout; banks, powered by Bank of America, of course; and tech, being gunned higher by Research In Motion. And how enjoyable is this 24-hour respite from selling in the likes of Bristol Myers, Merck and Johnson & Johnson as the living dead actually climb out of the crypt and do some stomping around? I had this day pegged for a nothing day, with the 30-year Treasury auction (bad) counteracting the RIMM...

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