Now Berko's doing a home-plate high five! A jig! He's amazed that the bears let us back in. He's celebrating that they let us in Microsoft (MSFT) - Get Report and Nokia (NOK) - Get Report and a whole host of his other faves. (Not to mention a second chance for I-Beam (IBM) - Get Report!)
You have to thank the talking heads for this opportunity. These guys would be on
hike watch if the Fed slashed interest rates! They can't help themselves. They're preternaturally (high-SAT kind of guy) gloomy and were put on Earth to give Berko a second chance at the plate. And by gosh, it looks like he's pulled the bears' hanging curve over the left center field fence. That's got to be 460 feet straight as the crow flies.
Our only regret: We sold some of that beautiful Dead Head (
) that we bought on that rip-off imbalance print last night. You have to blown away at the lack of rigor by the exchange. We haven't heard one official squawk about the 4:01 chicanery on so many different closing prints.
Oughta be a law.
Big Hat No Cattle Department. I thought about doing the
but I didn't pull the trigger. I hope you did! Wow, my best call and I didn't do it!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Dayton-Hudson, IBM, Microsoft and Nokia. 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