Why can't you just hide in the Gillettes (G) - Get Report? I was listening to my old friend Seth Tobias talking about the soft goods and I said, "How about Gillette ahead of this big Monday meeting in Boston?"
But then I ordered up a sensitivity analysis of Gillette to the euro, and it showed that so much of the company's revenue comes from
that weak currency that it has to impact the company's bottom line negatively.
I am afraid that they won't be able to make the numbers because of that currency translation. (A weak euro buys fewer dollars -- which translates into lower earnings.) So, again, a punted trade. Just too hard.
The opening, even this crummy opening, was too bullish. That mere momentary blip up of the
sucked people in. Brutal.
in our morning meeting at
column today reflects everything we talked about, right down to the stocks she highlights!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Oracle. 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