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Cramer noted how tech stocks such as INTC, EMC, IBM, RIMM and AAPL stood firm during Tuesday's bear attack on the Dow. He added investors are pulling out of failing sectors such as retail and banking and putting their money into tech. Goldman Sachs says CSCO, which has 16% growth and sells at 21 x earnings, is a value stock. In spite of Dell's downgrades, Cramer praised CEO Michael Dell; "He doesn't tell a great story, he is a great story." Cramer reassured investors not to worry about HPQ after Lexmark's meltdown because HPQ is a better company.
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