Classic expiration action. I am not depressed or worried. You have this big deal, the News Corp. (NWS - commentary - Cramer's Take) addition, going into the S&P 500 and you have lots of futures pressure on all other stocks because of it.
Business as usual.
The main thing you have to think about is how many more deals will occur next week after this huge week. These things are organic; they start rolling and they don't stop after one week.
P.S. Will you be there when Cramer makes his next move?
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James J. Cramer Only the Clients Can Fix Hedge Funds 12/17/2004 10:08 AM EST The current mediocrity is the managers' fault. But they won't change unless the institutions that give out the money demand it.
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 jjcletters@thestreet.com. 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."
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