Looks like we picked the wrong day to launch a couple of business-to-business portfolios.
team, known internally as The Young Turks, has already taken a 4% dive today, according to our trusty portfolio tracker. (We keep both portfolios on
excellent portfolio tracker for real-time updates.) The Old Guard, my club, has given up a couple.
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Maybe we have a situation here not unlike the
Red Hots, which immediately took a vicious dive after we publicized them, and have since rallied some 70%, as Jacobs pointed out today.
Maybe we just had the bad luck of running into a Wall Street downgrade,
. Or maybe, just maybe, when a couple of giddy guys get in a room to divvy up stocks like they are sports teams, it's time to look out below!
: The shelling is getting a little heavy out there, masked well by the
. How ironic that
, the biggest
trader, is boosting the Dow while tech rolls over.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Ariba, Brocade Communications, Conexant, Exodus Communications, JDS Uniphase, VeriSign and Microsoft. 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