Jim Cramer: Odd and Crazy Market Has Lost Its Mind

 | Feb 15, 2018 | 1:13 PM EST
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The craziness continues. Today is high-multiple day: rallies in Adobe (ADBE)Action Alerts PLUS holding Nvidia (NVDA) , Salesforce.com (CRM) , Red Hat (RHT) and Workday (WDAY) are defining the session.

I say craziness because the only real piece of research out there is a read on Salesforce that is positive. The whole move is bizarre because these are stocks that do well when the bond market is tame and inflation is under control because they are classic long-dated assets.

Even more bizarre? The last Red Hat call was viewed as a big miss.

Now the market has changed its mind? Or has it lost its mind?

To me, it's a bit of both. The timing is intensely odd, but all of these companies are doing well.

Go figure.

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