You? You get to go home. Me? I am going up to
for four grueling hours of TV. I had to break my rules and have a can of
Diet Dr. Pepper
to get fired up.
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Yes, the show must go on, and I am thinking that there was nothing conclusive about today if anybody asks me. I got hit on a bunch of my bids down 280, but I don't think we are out of the woods.
I will say on the
show that the selling remains incredibly ugly, but that I remain a steadfast buyer. I probably put on another couple million dollars worth of stock in that scary decline below 10,000, and I just traded out of $10 million of the bonds I bought yesterday for a nice gain. That's money that will find its way to the stock market if we penetrate 10,000 on Monday.
All of us wish there were a resolution. The most unnerving thing I can say -- and I have to say it -- was that this session, which looked like it would provide the final washout when we pierced 10,000, didn't even give us that pleasure.
Gotta go get fired up for
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 any stocks mentioned. 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