So what's the market thinking? Couple of things, mostly positive. It's near the end of the quarter and business is pretty strong.

General Electric

(GE) - Get Report

tells us that. We haven't had that many preannouncements, and we now have the

Fed

move out of the way.

That's let people feel they can get a little bigger in the stocks they love. We actually

bought

some

Yahoo!

(YHOO)

up 10 today. We think the Net is back, and we want good Net stocks ahead of what we think will be good quarters. We traded some

TST Recommends

priceline.com

(PCLN)

. We think the

Barron's

thing was wrong.

When the hoteliers of America are allowed to get in a hotel room and fix prices will be the day that they repeal the Sherman Antitrust Act. It ain't ever gonna happen.

Finally, we like anything semi, as that will be the group that gets most "marked up" at the end of the quarter.

We are actually rooting for these stocks to come back in because they held in so well after last week's debacle. Oh yeah, we bought more

Oracle

(ORCL) - Get Report

, which is killing Todd Harrison, our Oracle head trader.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long General Electric, priceline.com, Yahoo! and Oracle. 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.