Bears Can't Keep the Market Down

And they've tried just about everything to do it, Cramer says.

Author:: Jim Cramer
Publish date:: Mar 19, 1999 12:38 PM EST

The bears have thrown so much at this market. They've slaughtered the PC stocks. They've pummeled the bonds. They've bought a massive number of bank index puts. They've sold calls on everything from

Microsoft

(MSFT) - Get Report

IBM

(IBM) - Get Report

And we are still up.

Sometimes that's all that matters.

Me? I'm sticking with the game plan. I let some things go at the opening, and I have no inclination to get back in here. I figure I'll wait until the 2 p.m. sell hour begins, or until the whole darn expiration shooting match is over, because as I have said many times, these days are too hard to call.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. 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 a letter to TheStreet.com.