We've been trying to get a read on the close for the last hour; no luck. It is an important piece of the puzzle because the pattern has been that if we can hold here, the buyers will come in on the first day of a new quarter. That's the by-rote money that always gets deposited at the beginning of Q2.

Seems like the selling has petered out. Seems benign here. We have made our buys. We are now watching and waiting for buyers on Monday.

Haven't bought?

Barron's

will probably have interviews with

Mobius

,

Cohen

,

Biggs

and

Robertson

over the weekend.

You won't even want to own T-bills after you are finished with this edition, I figure.

First National Bank of Sealy

, perhaps?

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.