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Feeling Regret Over Doing the Homework

By Jim Cramer

About this article:
If you want to participate in the rally that went on Tuesday I have a very specific suggestion: Don't do any homework. And don't listen to any conference calls. And don't pay any attention to the Q&As about credit and where it is going to come from and how quickly stretched balance sheets became because of all of the huge buybacks that were going on for so long. Make sure you only follow Apple, Google and Verizon as they had great quarters. Don't listen to Occidental, where the always honest CFO Steve Chazen lays it all out, lays out how so many oil and gas operators will be broken by this decline and the lack of financing available. Don't listen to Whirlpool where you would learn that the worst recession in appliances in three decades is now morphing into the worst ever, and GE is still trying...

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