This rally isn't over yet
The stocks leading this run are like an army division on the move, assaulting new highs in rhythm and showing no signs of giving up.
Here's a new indictment of this terrific market: "It looks tired. Exhausted." To which I say: What are we supposed to do? Tell it to take a nap? Give it some Lunesta? Have it lie down in a nice warm bed and give it 40 winks?
I mean, come on, give me a break. Tired? You call Jabil Circuits (JBL) tired after it shoots the lights out and then gains the most in the S&P 500 ($INX)? Doesn't seem all that tired to me. Does Carnival (CCL) need a good night's sleep? How about rosy-by-association Royal Caribbean (RCL)? Does that stock seem exhausted, sleep-deprived? To me, Carnival is on Red Bull, and Royal is on that energy drink in that little bottle that says beware of heart palpitation.
Or how about Netflix (NFLX) and Google (GOOG)? They need to spend some time in the sack?
The reason this market is so strong is that it is a rolling bull. Wednesday it was cruise ships, coals, trucks and computer parts. Today it might be consumer goods or retailers, although it is important to point out that the Retail HOLDRs (RTH) broke out Wednesday.
This market is like a division on the move. Companies spend time on the main line of resistance and bust out, then go do some R&R to get ready for the next battle.
It is a real rhythm. And it must never be confused with drowsiness or need for sleep. Post continues after video:
And on and on and on.
Ladies and gentlemen, in my 31 years of watching markets, this tape is about as rested and ready as I can recall.
That's why it can keep assaulting new highs. That's why it isn't done. It's just a different group on a different day as the other winners go off the line -- only to be put back in a few days later, all set to carry on the assault to new highs. It is, frankly, as good as it gets.
At the time of publication, Cramer had no positions in stocks mentioned.
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.
Follow Cramer's trades for his Charitable Trust.
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