Thursday, July 21, 2011

Cramer mumbling about the market

Now the market's euphoric on Europe. Now everyone says the deal is done and all is good in Europe.
This was the way we thought at 4:10 a.m., the way we didn't think at 7 a.m, and now the way we think again.
It is a Regan "Exorcist" market. My head is spinning.
To me it just shows you the difficulty of focusing on anything in particular. We do have a lot of good earnings, more than bad ones.
But Pepsi ($PEP) and Terex ($TEX) talk up inflation and down earnings.
And we do have a better tone courtesy the hugely-accretive deal for Medco Health Solutions ($MHS) by Express Scripts ($ESRX).
Oh and did we forget Intel ($INTC) and Seagate ($STX)?
Looks like it. That was so long ago.

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