Holy Cow! This Tape Is Just Rockin'!
Are the guys on the tube watching the same market I am? Heck, this tape is just exploding, and it is all the usual faves that are doing the talking.
Soft
(MSFT) - Get Microsoft Corporation Report
up 9,
AOL
(AOL)
up 7,
Cisco
(CSCO) - Get Cisco Systems Inc. Report
and
Intel
(INTC) - Get Intel Corporation Report
ramping. Not just tech:
Gap
(GPS) - Get Gap Inc. (The) Report
doing great,
TheStreet Recommends
P&G
(PG) - Get Procter & Gamble Company (The) Report
up a couple. This tape is screaming.
One of the reasons I wanted to start
TheStreet.com
is days like today, chock full of action, some real craziness (
Qwest
(QWST)
opens up despite the downgrade by
Lehman
,
Merck
(MRK) - Get Merck & Company Inc. Report
opens down despite the good quarter, AOL barely opens up despite the explosive numbers!). I always thought the TV guys and the papers handled days like this just like it's another day.
Hey, don't get carried away, that advance-decline sucks.
Or,
Wait a second, you can't whistle past the Bovespa like this.
Or,
If the market is so great, how can Service Corp. (SRV) - Get Cushing MLP & Infrastructure Total Return Fund Report be down?
As someone with a predilection to own stocks, I always regarded days like today like that season when the
76ers
just about went four, four, four -- yeah, the year
Moses Malone
(there was a Malone before the
Mailman
) made us all proud. I would be all fired up, yelling at the TV, saying why aren't the announcers more excited (like they were with the Flyers, for instance)?
So that's why I have to do the shouting around here. I CAN'T BELIEVE THIS TAPE, IT IS JUST ROCKIN'.
There, I said it. What would it be like if these TV guys shared my enthusiasm? Sure, it would be deadly on down days, but these days you can't tell the difference between the bad games and the good ones.
Guess at heart I am a homer.
James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. At the time of publication the fund was long AOL, Cisco, Intel, Microsoft and Qwest, though positions can change at any time. 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 by sending a letter to TheStreet.com at
letters@thestreet.com.
