Focus on the Tech Conferences - TheStreet

Focus on the Tech Conferences

Today, Cramer and colleagues are paying attention to these instead of a Fed meeting that's beyond their control.
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The big meeting today may not be in Washington. It may be in San Francisco or in New York, where the Bank of America (BAC) - Get Report and Soundview tech conferences are occurring.

I know conventional wisdom has it that we should be sweating the

Fed

. We are sweating tech. Despite the

Nasdaq

ramp the past two days -- much of it on the back of the programs I keep talking about -- people who follow tech are still reeling from

Dell's

(DELL) - Get Report

announcement last week that January was none too good and February isn't expected to be any better.

Join the discussion on

TSC

Message Boards. These conferences are key to learning about the "tone" of business. We need to know if Dell's problems -- and

Gateway's

(GTW)

and

IBM's

(IBM) - Get Report

, for that matter -- are being seen away from those PC makers and in tech in general. We know from

Nokia

(NOK) - Get Report

that wireless is strong, but we need to find out about everything else.

So we will be off to the conference world today instead of focusing on the Fed, which we can't do much about.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Bank of America 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

jjcletters@thestreet.com.