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:
- Friday's selloff;
- why Home Depot may be primed to rise; and
- why Google's conference call was so unsatisfying.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
This Selloff Is Just Profit-Taking
Posted at 3:48 p.m. EDT on Friday, April 13.
But there is so much power in this market, particularly the rotation to the high-growth stocks, that you have to be amazed at how we've been able to hold up.
You have to be blown away by the action in Starbucks(SBUX) , Lululemon Athletica(LULU) , Panera Bread(PNRA) , Chipotle Mexican Grill(CMG) -- up $8! -- and the other high-growth stocks, as we are simply getting one of the most powerful rotations I can recall.
Of course people are worried about Spain, so some can't resist dumping into the close, but the rotation held up through it.
This market has become actually predictable, after years of unpredictable behavior. When there is a slow set of numbers like people think we have had in China, they buy the high-growth stocks that don't need economic tailwinds, although you have to be rocked by the action in Caterpillar(CAT) and the rails.
Previously, in 2011, everything would have been walloped.