Jim Cramer's Best Blogs

NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• why he's still bullish despite transport stocks' recent declines;
• why you don't want to bet against Starbucks' CEO; and
• the hazards of technology investing.

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Singin' the Transports Blues

Posted at 3:37 p.m. EDT on Friday, Sept. 21

Stalled. That's what I regard us as.

Stalled because of the transports, which have turned hideous. Stalled because of the banks, which keep succumbing to profit-taking and downgrades after every microscopic move upward. Stalled because of the endless chatter about how nothing's getting better as stock prices advance. They are leaving the station without a locomotive pulling them.

Me? I don't see it that way. To me today's about AutoNation(AN) and KB Homes (KBH) -- autos and housing. Both the strength in AutoNation, courtesy of a brokerage house talking about the amazing auto market, and the resurgence of KB Homes, courtesy the phenomenal order growth and profit-predictions from this morning's earnings release, show me that the main bullish themes are still very much in play and on track.

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Sure, I would feel better if the transports were going higher. FedEx(FDX) has fallen below where it first preannounced. Norfolk Southern (NSC) , as predicted, is breaking down, taking the rest of the complex with it. I never ignore Dow Theory, even as I don't think anyone thought that coal, the chief cargo of the rails, would ever go into such a precipitous secular decline.

I think it's been a long and hard but good week. I think that profit-taking is in keeping with the preannouncements.