We are actually buying some SPX names! We just bought some Gillette (G) - Get Report. I want some P&G (PG) - Get Report. We are fighting over buying some hit semiconductors; I want more Texas Instruments (TXN) - Get Report.

We think it is overdone. But it is tough to get anything done. There is zero liquidity. It is a mess, but a buyable one.

Oh great, Steve Harmon's on

CNBC

TST Recommends

hyping his faves. Frankly, I would rather by listed names, not

NDX

, after this SPX selloff. Although

VerticalNet

(VERT)

seems right down here, so let's get some. Three-day weekend. Schools closed in Jersey next week. Nobody to trade with.

Ugh.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Gillette, Texas Instruments and VerticalNet. 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

jjcletters@thestreet.com.