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To: Lucretius who wrote (254996)8/11/2003 12:38:33 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
RealCommentary from TheStreet.com
Cyclicals Remain the Market Theme This Month
Monday August 11, 11:56 am ET

By James J. Cramer,

Will you look at this Caterpillar (NYSE:CAT - News) run! How about Ingersoll-Rand (NYSE:IR - News)? That one's unstoppable! There goes 3M (NYSE:MMM - News), through $140. You've got to wonder if Phelps Dodge (NYSE:PD - News) really busts out here. Same with International Paper (NYSE:IP - News).

Yep, the cyclical theme remains the theme of the month. It hasn't diminished despite the rate increase. It hasn't diminished despite the huge oil spike. It hasn't diminished despite the dollar's relative strength of late.