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Technology Stocks : TheStreet.com, Inc. (TSCM)
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To: DD™ who started this subject3/17/2003 11:51:30 PM
From: Jack Hartmann  Read Replies (2) of 1822
 
Cramer calls DOW 9000

Why This Is the Real Deal
By James J. Cramer

03/17/2003 05:00 PM EST
URL: thestreet.com

Aye, a great day for the Irish. And for everybody else, too. Let's talk about why this one seems more like the real deal than all of the other two-day rallies.

1. The bonds got crushed, just crushed. For two weeks I had to hear that I had pulled the sell-side trigger on my bond portfolio too soon. But now they are way down from where I sold.

2. The dollar is showing that people want the greenback even as they don't want the bonds. That's perfect, too.

3. Gold didn't go up as it should have if the "smart money" really knew the war would go badly.

4. Bad news was viewed as good news. International Paper (IP:NYSE - news - commentary) is up huge after its shortfall. I bet Applied Materials (AMAT:Nasdaq - news - commentary) will be no different.

5. There is so much money on the sidelines losing money in bonds that it will work its way into the stock market.

6. People know that the president is a forceful leader. That will be good for the markets, which want so badly to go up in the third year of a presidential term but haven't been able to.

In conclusion, you can short it from here if you want to, but I think you will do better to wait until 9000 on the Dow.

Jack
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