Where is the print going to go on? Where?
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That's the question everyone is asking about
. There is so much to buy at the close that it might be up again. This is nothing short of amazing. It is one of those situations that the
Standard & Poor's
people must be dying over because there is no supply. Everything is locked up or taken ahead. This is the biggest "squeeze" up anybody can ever recall.
Lots of stock has to be bought at the end of the day. Everybody wants stock so they can sell stock on what is known as the print.
The markets simply weren't built for these occasions. They just don't work right.
We all know it. But there are no rules here. It is just every man for himself, knowing that these captive funds are stuck with the price traders give them.
What a nightmare for the buyers. What nirvana for the sellers.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Yahoo!. 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