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Lotta money out there looking for a home. People want in. Many managers got the scare of their lives yesterday: The market went up 2% and they were up 1.865% because they had not deployed all of that cash. Holy cow! Better get more in right now.

Yes, that's how people think these days. As long as the market isn't doing anything, they let the cash build or wait for a real break in the market. But once it starts, for whatever reason -- short covering, better earnings, a more benign bond market -- you get the frenzy usually associated with that mass scrum of 5-year-olds playing soccer.

Witness the frenzy in big-cap names like


(C) - Get Free Report

on a re-recommendation or


(INTC) - Get Free Report

on a ho-hum presentation or


(MU) - Get Free Report

on a price-target increase. Days like today make me wish I was a sell-side analyst. I could have gotten National Gift Wrap & Web Company up 10 on a delayed opening there is so much money coming in.

What happens now? You get a break; it is a break to buy. Even


doesn't want to get in the way of this one. He even ate crow today about the irrational exuberance comment! It's enough to make the tech-heavy


and the highflying Internet stocks look pretty darn attractive. Oops, I took the

words right out of the collective anchor's mouth!

Hmm, I wonder if Al's Towing is listening to Greenspan today? Or is that the kind of work he doesn't have to do?

James J. Cramer is manager of a hedge fund and co-founder of At the time of publication, his fund was long Micron and Intel, though positions 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 by sending a letter to