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Rational Market Returns

By Jim Cramer

 About this article:
 With the addition of Ensco into the S&P 500, energy now makes up 10.1% of the benchmark index. It's flirted with that level before, but seems to have a hard time staying there. What amazes me isn't the group's decline today; it was the advance in the face of $60-a-barrel prices the past two months. It was almost as if it didn't matter -- it was that counterintuitive. Now we have a rational market again, to which, as I always say, where are the buyers who were there at this level last time? Where are the true believers? Are they now in tech? Health care? Select health care because some are down? They sure aren't in the other commodity complexes; they are all being killed, too. Let me state the obvious: Today's not such a great day. You have some nice bounce off tax-loss selling in...

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