Couldn't nap; too much craziness. I can't remember a day in the last three months where discipline helped you until today. Today it paid to just watch the nuttiness.
My take: insignificant day colored by some sort of weird rebalancing at the bell that really skewed stocks. Take a look at that collapse in
, a stock I am long.
had to sell T to rebalance their portfolios. All I can say is, They sure did! Brutal. I bought the print at the close but I was surprised how easily this one got knocked over.
One thing is certain: There will be no peace in these personal computer stocks. They are just way too easy to knock down on rumors.
They just aren't right yet. Some other time.
Score one for the bears. Goal, Bruins!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AT&T, although positions 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