"The appetite for the deal says to me there's been a sea-change in IPOs," Cramer said. "For the last two months, this market has spat at initial public offerings for the simple reason that they've consistently lost you money. So when JD roared out of the gate today, it totally changed the widely held impression that when you buy the stock of a pure growth company, you're doomed."
And through the session, the interest in growth extended to many other stocks, too, with Salesforce.com and other software-as-a-service stocks catching a bid immediately thereafter.
"In turn, investors started buying other high growth stocks, such as Yelp, Google and Zillow."
By the close, Cramer said it appeared that "growth had come back in fashion on Wall Street."
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Read more from Mad Money with Jim Cramer
Cramer: How stupid can this market be?
Cramer's 'miraculous' growth companies
Niche stocks you shouldn't overlook
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However, that doesn't mean growth stocks have gotten the all-clear. Hardly.
Fashion is notoriously fickle, and it's no different with the Wall Street fashion show. What's in one day is out the next.
And as popular as growth was on Thursday, it could be akin to a polyester three-piece suit on Friday—very much out. "Didn't I tell you this market was crazy?!!"
via fashion - Google News http://ift.tt/1k1d7an
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