Wednesday, June 16, 2010

Cramer flip flops again

Last night, Cramer told Mad Money that the rally wasn't real, and that the move higher was stupid. Today he says it is real:

"Anything fundamental driving this market? You bet there is. Oil is up. Apple is up. Remember, the pajama gamers don't think that higher gasoline prices are bad. They think that oil going up shows economic strength and then no double dip. So they become buyers, not sellers. The fundamentalists see Apple going up, and they say, heck, there's consumer demand, let's buy 'em. More important, Apple is taking share from Nokia, so let's buy American technology. Let's go buy SanDisk as well as Cirrus Logic and extend it to Intel and Cisco! Why not?"