Jim Cramer
I admit that I'm a bit bummed. My money is in transition. It happens. That's real life. I'm busy trying to be YOU. I'm signing up with discount brokers, doing the work on my portfolio, anxious to buy these financials that I keep talking about.
(RBAK Quote - Cramer on RBAK - Stock Picks) or whipping around the QQQs (QQQ Quote - Cramer on QQQ - Stock Picks). That's what they do at Cramer Berkowitz and they do it well. I just felt that we had this great opportunity in the financials and I couldn't be in ahead of the rate cut, especially because, and check the archives, I mentioned a dozen times you have to be in these stocks BEFORE the cut. So in many ways, I'm really like those of you who complain that you can't take advantage of the immediacy of RealMoney.com because of your job or because you were at lunch -- I was having a turkey on rye with mustard and tomato when the Fed cut! -- and feel ripped off. But that's reality. When you're not an institutional trader with a 24/7 mantra, you miss some great opportunities. Instead, I live vicariously. I know I told you what I wanted to buy and, at the end of the day, I look at Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) up $15 and I know I would have done well. In my case, I can't take that satisfaction to the bank, but I hope you can, though. I also admit this would have been an exciting day at the old job, with the news flashing over the tape and my jumping up and down and screaming to take this or that stock, or to peel off the losers into the bell. It was an amazing day, a total rout for the bulls and I love those days, because, of course, I'm a huge bull at heart. But I tell you what I don't miss. I would be sitting at my turret right now, competitor that I am, bemoaning how much Buzz and Batch made today. Jeff Berkowitz would be telling me to cheer up, that we made a ton of money, that we had done quite well and that there was no reason to be angry or upset. And I would tell him, "We should have been longer. We should have had more on. How could we not have seen it coming?" He would shoot back that we did our best, and then leave knowing that he couldn't console me because I was so competitive that, if I were beaten in one session, I would loathe myself and think that I was an idiot. I don't miss that. I know he doesn't either (LOL).
Catch James J. Cramer on CNBC Wednesday night as he participates in a special roundtable on today's Fed ease! Tune in at 7:30 p.m.
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