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Depressionists are scratching their heads after the Dow jumped 87 points on Tuesday. Even more surprising to them: The banks played a big part in this rally. Cramer favorites State Street [STT  Loading...      ()   ] and Bank of New York [BK  Loading...      ()   ] were up 10% and 9%, respectively. So much for nationalization.

Tech moved higher as well. Apple [AAPL  Loading...      ()   ], Google [GOOG  Loading...      ()   ] and IBM [IBM  Loading...      ()   ] all registered gains. So, too, did Cisco Systems [CSCO  Loading...      ()   ], and analysts increased their estimates for Taiwan Semiconductor [TSM  Loading...      ()   ].

In oil, crude prices climbed a dollar, and all of yesterday's sellers poured right back into the stocks they had dumped. Chevron [CVX  Loading...      ()   ], Occidental Petroleum [OXY  Loading...      ()   ] and Exxon Mobile [XOM  Loading...      ()   ] slipped less than 1%, and Devon Energy [DVN  Loading...      ()   ] stayed flat.

This kind of action was seen throughout the market on Tuesday. McDonald's [MCD  Loading...      ()   ], UPS [UPS  Loading...      ()   ] and FedEx [FDX  Loading...      ()   ] also added 1% or more. So where is all this resilience coming from? Does this mean investors have missed their chance to get in early? Do we no longer have to worry about another Great Depression?

Watch the video for Cramer's answer.



Cramer's charitable trust owns Chevron and Cisco Systems.

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