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[Ulisses Pereira]

"Market Puts On Its Best Bullish Behavior"

By James J. Cramer
07/02/2003 10:46 AM EDT

"Every time I think this market's about to lose its bearings, we have a quick selloff, lose some bulls, recharge and then fight our way up again.

It's the most bullish of increases. It is truly the way it is supposed to be; not the way of the late 1990s, but the way of the early 1980s and of the early 1990s.


Take yesterday. Looked horrible. People thought that the ISM news wasn't so hot. Nobody was that keen on the fact that the market had rallied so much in the first half. The skeptics abounded.

Then those pesky lack of alternatives set in. Treasuries? Is there anyone on the planet who likes those? Cash? How foolish does that make you look every day? Real estate? Too cumbersome.

Back to stocks.

Remember, all I care about is time. The longer it takes for us to get to Dow 9500, the better.

This pace is perfect. Just perfect. And it guarantees higher, not lower, prices."