Get Out Your Worry Beads

And expect lots of hand-wringing over whether we'll get to Dow 11,000 any time soon.
Publish date:


11,000, a real killer. Do you think we will now have to suffer through whole issues of


, etc., worrying about whether we will ever get through Dow 11,000? Will we have to hear about postponed Dow specials? How about pieces saying that this milestone, unlike the last seven, maybe really is insurmountable?

Yeah, I guess we are going to have to endure lots of hand-wringing over this one.

Look at it this way, we could use some worry in this tape. We get cocky as we approach these thousand milestones and we need the journalists to stir the pot and get everyone scared of their shadows. We need the shakeout.

From the feel of today, unless the boys from


et al. come in to support The Stocks Everybody Loves, looks like we are going to get it.

Don't forget, special

Examing Cyclicals rewrite tomorrow, with some classic cyclical anecdotes, including my multimillion-dollar loss from a

Phelps Dodge

(PD) - Get Report



(AA) - Get Report


Reynolds Metals

(RLM) - Get Report

buy made at the end of the line for "It's a Small World" -- one that I realized by the time I got through the

Pirates of the Caribbean

that afternoon.

"Yo-ho, Yo-ho, the cyclical's life's for me."

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund had no positions in the stocks mentioned, although holdings can 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