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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Sig who wrote (51234)7/14/1998 1:06:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Ramblings from the front. The Cramer musings. [UP 3.00 at 109 3/16]

Hi sig :

Excerpts from Cramer's rag.

Tech, banks, and drugs all going higher -- it doesn't get any better than this. In the meantime, talking heads drone on about caution in the background and how dangerous everything is out there.

Wake up and smell the Bokar. This is a tape that likes bad news and loves good news. Merck (NYSE:MRK - news) gets a shoo-in approval for some drug? Let's take it up a couple. Nothing bad happening at Microsoft (Nasdaq:MSFT - news) ? Let's give that a higher multiple. Things sounds just okay at Intel (Nasdaq:INTC - news) ? Heck, that's better than terrible -- let's expand the multiple. No preannouncements in hardware techland? Well, let's unleash the purse strings and put that money to work. Japan in disarray? Love disarray. Oil drillers announcing bad numbers? OK, we aren't that stupid. They still won't go up. There is dog food that even dogs won't eat.

What does this mean when everything except the most horrible situations rally? It means there is a ton of money around -- so much so that it wants to buy anything. It wants to be in the winners (Microsoft, Dell (Nasdaq:DELL - news) , Merck). It wants to play catch-up (Intel). It wants to bottom-fish: buying beat-up banks.

fnews.yahoo.com