We just looked up at the tube and saw
talking about the transports. We were shocked, just shocked at the prices. If you think the
is in a bear market, take a look at the transports. These need to be put out of their misery, fast.
In truth, these stocks have been down for months, but we don't even look at them anymore. You know why? For the same reason I must be driving value managers crazy with my
series about how these guys are going to lose you money.
It is a waste of time to look at the transports. It is bad for productivity. The time it takes to examine whether
is a buy is time spent away from understanding what
does or what
does. It means time spent away from listening to
. It doesn't give us the hours we need to learn
I don't have that time.
: Where would the Dow be without Rick Sherlund's push of
? ... Check out all of the secondary supply coming on stream with
. Getting a little scary ...
would have helped the cause a little by giving some earnings guidance, but no such luck. If
played the Wall Street game, would he have to preannounce to the downside given his portfolio is overweighted in brands and insurance stocks? .. We love the action in old Net and are trying to convince each other to buy more
. No out-o'-control pulp and oil costs there!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Microsoft, VeriSign, InterNAP, Yahoo!, Vignette and 724 Solutions. 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