Come on, bears -- you can do better than this!
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You have the bonds down big. You have el presidente bashing the drugs. You have a crummy number from
(which, by the way, I am long). You have four
governors speaking tomorrow. You have
shortfall poppycock. You have a ridiculous merger of
buying the nonrevenue
. You have a bunch of broker downgrades of the financials. You have loathsome horn toad
blowing up again.
And this is all you can do? You take the market down 130 points?! Can't you get it down 200 after that big run last week? Can't you drive it lower than this? I am shocked that this all you can deliver! It makes me want to go out and take stock across the board, instead of just in the drugs and the financials.
Something really has changed. Once the market got clobbered intraday it had been staying clobbered, with the advance/decline line getting worse. Now it's stable.
Stocks that were down at the opening closed lower than where they opened.
That doesn't look like it is going to occur.
If you bears don't make up some negative story soon and give it to Maria (remember, anything but DRAMs -- she loves DRAMs), we are going to rally by day's end.
Just a feeling, but I have been hot lately. Like the
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AT&T and Cisco. 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