Edit: (Added some boldness purely for proper emphasis) 
Enjoy!
By Jim Cramer
RealMoney.com Columnist
5/18/2007 6:07 PM EDT
Relentless and inexorable. Joy-propelled.
And nobody seems interested at all. All enthusiasm seems drummed up, false. Nobody seems to be excited about this increase. To which I say, this is the best market I have seen in seven years and I am not going to stop singing its praises. The kind of action we have is the kind of action that can only be considered one of the greatest breakouts of all time.
We have reached that moment when there seems to be no overhead resistance for many stocks, no supply, and multiple buyers circling. It's as if all of these buybacks have at last drained the excess out of the market, and the only sellers are traders who bought yesterday.
Activist managers making things happen, private equity removing stock faster than it can be printed (which is saying something because there was an awful lot printed today), takeovers at huge premiums, endless buybacks. It's all good.
And the best thing? Nobody's talking about it. No one.
We should get a little overhang Monday morning after the people who take a free call at the market get margined out from their option positions -- that is unless we get a ton of takeovers trying to beat the summer -- and that could be next. But let's understand each other. It is a buying opportunity for certain.
Enjoy!By Jim Cramer
RealMoney.com Columnist
5/18/2007 6:07 PM EDT
Relentless and inexorable. Joy-propelled.
And nobody seems interested at all. All enthusiasm seems drummed up, false. Nobody seems to be excited about this increase. To which I say, this is the best market I have seen in seven years and I am not going to stop singing its praises. The kind of action we have is the kind of action that can only be considered one of the greatest breakouts of all time.
We have reached that moment when there seems to be no overhead resistance for many stocks, no supply, and multiple buyers circling. It's as if all of these buybacks have at last drained the excess out of the market, and the only sellers are traders who bought yesterday.
Activist managers making things happen, private equity removing stock faster than it can be printed (which is saying something because there was an awful lot printed today), takeovers at huge premiums, endless buybacks. It's all good.
And the best thing? Nobody's talking about it. No one.
We should get a little overhang Monday morning after the people who take a free call at the market get margined out from their option positions -- that is unless we get a ton of takeovers trying to beat the summer -- and that could be next. But let's understand each other. It is a buying opportunity for certain.
