You want to know how hard this game can be? When I read
excellent The New Dow Is the Internet Dow
piece on Monday, I immediately set out to try to find out which companies were going to be part of its $6 billion "Project Pronto," the plan to wire the nation.
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I figured that the money this initiative would dole out could make or break companies. It reminded me of the old days when we used to try to figure out who would get the big contracts:
. We used to try to game these constantly. But I couldn't get a line on it. We put the calls out. We got nothing.
Had we been lucky, however, we would have found out that one of the big winners was none other than
. We would be down 25% with that great piece of information.
This piece was brought to you by the "Stop Kicking Yourself" foundation, of which I am a charter member. (
, by the way, is probably going down because it wasn't selected. I am not worried, but every contract helps.)
Please check out the first installment of my new Smarter Money
column. And check out the other articles in the Personal Finance
section. They are excellent... Oh no,
is talking about how home prices are too buoyant. Great, I just bought one. I guess we should brace ourselves for a series of speeches by
governors blasting home prices, talking about the risks of termites, floods, etc. I am sure that the more hawkish guys will say prices have appreciated too far too fast and suggest, subtly, that we sell them!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Cisco. 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