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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (240382)5/13/2003 8:37:29 AM
From: MythMan  Read Replies (1) of 436258
 
RealCommentary from TheStreet.com
Trouble for 'Safe' Stocks Is a Good Sign
Monday May 12, 1:44 pm ET

By James J. Cramer,

Procter's (NYSE:PG - News) down. Kimberly's (NYSE:KMB - News) flatlining. Clorox (NYSE:CLX - News) can't get any lift. Forest Labs (NYSE:FRX - News) has lost its mojo. Johnson & Johnson (NYSE:JNJ - News) has lost its strength.

And I couldn't be happier. Those of us betting that the 10-year is about to go bad on us -- that the bellwether is a short -- have to be thrilled with the action in the pure defensive names. We need to see them stall out. We need to bet that Kellogg (NYSE:K - News) can't lift on a price increase, and Sara Lee (NYSE:SLE - News) can't talk itself out of a jam when it meets with analysts tomorrow.
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