Fed's happy. Happier than we thought. Fed's no longer the enemy.
My bearish partner, Jeff, is busy trying to jump out of the window, as a happy Fed means we don't get our buying opportunity and we have to buy them up rather than down. I don't even think he will succeed in breaking the window, so we won't have to worry about talking him off the ledge.
For us, it means trying to buy what we can, trying to get in on stuff that was higher 20 minutes ago that has now come in after that ramp.
Slim pickings, but enough to do the job.
As optimistic as I try to be, even identifying the
nirvana case, I am humbled by what has to be the single most bullish thing the Fed can do.
And grateful for some chance to get in on some tech stocks that have not run that could have excellent quarters.
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