By Jim Cramer, TheStreet

Starting this week, TheStreet’s Jim Cramer will bring his investment insights to Top Stocks readers each day.

 

With the S&P oscillator at plus 7, I really want to be negative. With so many stocks breaking out, I want to be cautious and, yes, proactive, especially when a big unemployment report looms.

 

But then I see Ford (F) and I think, "Do you really believe that stock is going to be at $9 again?" Or I see Bank of America (BAC) and I wonder, "Has that stock not shown that the supply has been digested?" Or I see Goldman Sachs (GS), which has been killed every time Meredith Whitney cuts numbers, and it goes higher and I wonder, "Can you say goodbye to the $160s?"

 

How about these stocks?

I like auto-parts maker Lear (LEA). I think it will go higher, but I have been waiting for a pullback for months. Nothing. Or the natural gas stocks, how about a pullback? There I keep expecting one: The price of natural gas didn't go higher on bone-chilling weather. When is it going higher?

 

But the stocks don't care. Not one bit.

 

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I like yield, but my 7 percenters are now 6 percenters, and I fear they will be at 5% soon.

 

When I go over what I want to sell in Action Alerts PLUS, stocks that have had big runs like Visa (V) and Express Scripts (ESRX) make me wonder how the heck I'd be able to get back into them.

 

I am well aware that this is the kind of thinking that "always" gets you in trouble. But it hasn't gotten you in trouble in 10 months. Why is it going to get you in trouble now?

 

In fact, I think of stocks like Amazon (AMZN) and wonder how terrific that pullback is. Or I look at Marathon Oil (MRO) and think, "Darn it all, still cheap." Same with Chevron (CVX). Same with Transocean (RIG) after I read that piece in The Wall Street Journal yesterday about the need to deep-water drill.

 

Or Boeing (BA).

 

You think Boeing's going to get hammered now that the Dreamliner is at last a reality? Do you think Boeing let that plane fly before it was tested six ways to Sunday? Are you waiting for a $49 price tag because you don't think the beginning of what has been a seven-year cycle is worth "reaching" for when the stock's way down from its highs?

 

I am always leaving room for some dastardly outside event. That makes sense in a scary world. Here are some other investment themes to consider this year.

 

But otherwise I just think, "OK, we are going to work off the overbought just until things simmer a bit and maybe you get a quick break." However, shouldn't we have gotten that already?

 

That's the question, isn't it?

 

Because I don't have an answer, I am still not a seller.

 

And I want to be a buyer on the dips that never seem to come. Oh, yeah, maybe Friday's employment number. Maybe that will give me a chance. Like it will everyone else. That, of course, could be the real problem -- everyone else needs in and the sellers just don't materialize as they are supposed to.

 

At the time of publication, Jim Cramer was long on Bank of America, Chevron, Express Scripts, Goldman Sachs, Marathon Oil and Visa.

 

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

 

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