At long last, when the market dropped big after the Fed move, no one said to me, "IT'S SOROS, BLOWING OUT OF THE S&P!" Or, "SOROS WILL CRUSH THE FUTURES!"

I didn't have to worry that the Soros people would try to

obliterate

the market and then leak to journalists how much they hated the tape. I didn't have to think that the market would just wilt. We could

pick our spots and buy the really good

Nazzdog

names flat or down a buck.

And now we are free to play the long side as the

Big Bad Event is behind us and we don't have another one for days and days and days.

Not bad!

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

jjcletters@thestreet.com.