Alas, business as usual. We are using the weakness this morning in the tech stocks to buy back the ones we sold in the last half-hour.
We continue to think that we are in correction mode, but each day we get closer to slow data is a day where we have to be more positive than negative.
As I will be out all day at a regularly scheduled board meeting, I have to wrap things up early until the meeting is completed.
At our morning meeting, which was stormy and constructive, we all felt that yesterday's strong rally could not have occurred if we weren't closer to the end of the nightmare of 2000.
So we become more aggressive buyers of weakness and less aggressive sellers of strength. That's the mantra that will be followed in my absence.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. 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