This Market Is Keyed to the Fed, Not the Election

12/08/00 - 04:39 PM EST

Jim Cramer

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Look, I continue to think this market is not about the election right Now. It is about the Fed. I think this decision does not hamper the Fed. I think the Fed is going to ease. Therefore I am a buyer of weakness. Except for Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks).

We are not perturbed by this ruling because we think we are in a rally mode that will transcend whatever selloff we might get from the Florida Supreme Court ruling. That's why we just brought in some of our shorts down five. That's a gift for us because we don't think that we are going back down 400 NDX points. We want to own stuff for the ease. We don't want to hear the sirens.

Come sell me some Juniper(JNPR Quote - Cramer on JNPR - Stock Picks). Hit me at 155. Hit me Brocade(BRCD Quote - Cramer on BRCD - Stock Picks)! And let me bring in some of these nastier shorts!

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Juniper, Brocade and Microsoft common stock. It was also long Microsoft puts. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at James J. Cramer.
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