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