The Pain of Quarter-End Markup Time

Oh no! We're back in the "winners win" moment again. That's when the only stocks that are working are the ones that keep working, and everything else gets left behind.

Take it from me: This is a gut-wrenching time in the performance business. You are getting the most performance out of the horses that have been so flogged, you'd think they were ready for the glue factory.

There's Amazon (AMZN - commentary - Cramer's Take), still climbing after all these months, breaking $50 despite the endless hand-wringing of overvaluation.

There's Electronic Arts (ERTS - commentary - Cramer's Take), about to go to $100. Ah, if only I had watched what my kids took out from Blockbuster instead of what I had rented, I would have nailed that one big-time.

There's eBay (EBAY - commentary - Cramer's Take) finally breaking out; I mean, does anyone really think it will be contained by its old high?

Or how about Yahoo! (YHOO - commentary - Cramer's Take), headed for a classic bout with its next quarter but not before it takes out its old high?

Or how about LeapFrog (LF - commentary - Cramer's Take) or Take-Two (TTWO - commentary - Cramer's Take)? Talk about bulletproof.

Does anyone think MultiMedia Games (MGAM - commentary - Cramer's Take) will be reined in here? Or International Speedway (ISCA - commentary - Cramer's Take)? Or World Fuel Services (INT - commentary - Cramer's Take)? Or InterActiveCorp (IACI - commentary - Cramer's Take)? You can see that stock pulling into the $40s in about a day or two, can't you? Any unlucky soul short Omnivision (OVTI - commentary - Cramer's Take) out there? You're probably calling it Omnivicious by now.

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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail]. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book, "You Got Screwed!" Click here to order Cramer's autobiography, "Confessions of a Street Addict."