Skip to main content

What happened to that great cyclical rally? Where did those losing bonds go? Yeah, another news cycle bites the dust. And what happens if you bought the steels or the aluminums or the machinery stocks because you heard all those people on


say they represent great value?

Why don't you send them a nasty email?

It's like that with these rotations. It's been like that since 1989. You get into the cyclicals because you hear they are running. You sell all your high-quality stocks to get into some low-quality stocks. You boot the

Sun Micro

(SUNW) - Get Free Report

for the


(SUN) - Get Free Report

. You kick the


(CSCO) - Get Free Report

for the


(SYY) - Get Free Report

. You blow out of the


(DELL) - Get Free Report

for the



. And you feel like an idiot, because the guy who told you to buy the cyclicals disappeared, along with the bids need to get out of these.

Now we have to begin an


, watch I guess. You know, one of those lookouts to see when he says that the selloff is over and he gets back on. I hope

Dave Kansas


editor, takes the bait and does a how-many-days-till-Acampora-gets-back-on-the-bull chart. Notice, I didn't say how many points worth of decline until he gets back on, because it won't happen that way.

When it happens, you know what you ought to do?

Send him a nasty email.

What can I say?

Until other people, be they




or Acampora or any other sage, admit that they are occasionally wrong, you can bet they are going to be on the Wrong end of my skewer.

Cause you know what? They don't read their email. They don't even feel it! And they never will. Because the system isn't yet set up for accountability.

It's a crime.

Random musings

: Where's the Net to the Net? Beats me. Sticking with a couple of winners but not starting any new positions.

James J. Cramer is manager of a hedge fund and co-founder of At the time of publication the fund was long Cisco, Dell and Sun Microsystems, though positions can 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 an email to