worked. So did
. The action in
was pretty strong. Gotta love
Yeah, another day where the 1998 winners were losers and the 1999 faves actually hung in fairly well. Or, to put it in an index perspective, you did better relatively by hiding in the
cyclical index, which was down 4 on a 612 basis, than in the
, which was down 17 on a 633 basis.
Of course, the relative game is the one institutions play. I am willing to bet that individuals saw some bleeding, as these Net stocks fit on our feet like cement galoshes. (
, can you help
please? Will you be on the conference call, or will it just be
The averages lie rather strongly today. A lot more wealth was destroyed on this down-128 day for the
than was made on the plus-200 day yesterday.
I'm staying lean as this market tempts, teases and crushes rather resolutely.
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 the stocks mentioned, although holdings can 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