Who would have thought the tape could just bore you to death? Today's session must be a huge drag in those daytrading firms, because markets like these inspire none of the excitement that we had in the last few years. They offer few clues or trades. They just kind of sit there.
We spend all our days like this doing research, going to conferences, reading research reports. What do those guys do? Do they put movies on instead of
? Do they break out old charts of old stocks, kind of like a retrospective thing? Wow, look at that breakout in
in 1983? Get a load of that triple top in
in 1981! Can you believe the reverse
put in back in 1985? Now that's one sweet chart!
Or do they switch to betting on the
? Something with a little more action?
This session is like a really bad
game (I know -- an oxymoron). Not much at stake. Not much of interest. I've got really good seats, but so what? We aren't going anywhere.
I miss the action.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. 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