TheStreet.com RealMoney
The Market Overshoots Once Again

By Jim Cramer

About this article:
We go down too much, so now we go up too much. We have companies that are supposed to be doing poorly, or are even reporting not great numbers, like Sears Holdings, that are ramping. It turns out, by the way, that Sears has a lot of credit lines -- the bears have been saying they didn't -- and a seemingly endless amount of capital to buy back stock. That's an ouch for the shorts who have pushed this stock down endlessly. We have the drug stocks going higher, something that should have happened yesterday, but Pfizer and Merck and Schering-Plough were all pushed down by the sell programs. We have the oils coming back, although I don't trust them to go up when oil's going down, but you know my rap on how important those stocks are to manipulate up if you want a rally. And...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username:   Password:
Forgot your Password? Click here

Page data is submitted securely.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.