Cramer's Stop Trading! What's Moving the Market? (12/1/09)

Includes: ALTR, DIA, QQQ, SPY
by: Miriam Metzinger

Stocks discussed on the Jim Cramer's Stop Trading! TV Segment, Tuesday December 1.


Cramer speculated on the causes of the dramatic rally that brought the Dow up triple digits and caused a 1.28% uptick in the S&P 500 on Tuesday. The most mysterious fact of all is that banks, which comprise 14% of the S&P, did not rally. Natural gas performed well with no catalyst from the commodity itself and agriculture stocks performed well.

Cramer ascribes the rally to a "money in" trend, with retail investors "throwing money" at stocks and mutual funds engaged in end of the year buying (excluding the financials). Those who were pessimistic following the Dubai debacle may be scrambling in to cover their shorts on the realization that Dubai only had a very temporary effect on the market. One thing is clear: the consumer is much healthier than Wall Street expected, and Cramer thinks retail will continue to be strong throughout the holiday season.


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