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arrogant or right? Is Intel telling us the market hangs in?

Wow, talk about a question I would love to duck, but can't because pros can't duck.

TheStreet Recommends

We think Intel works higher. We think it "tells the truth." We want to buy the slip backward here that we now expect. We think that Intel is signalling that we will win.

We are putting money to work in the kinds of names we think come back hardest, the

Red Hots and the


James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long Intel. Cramer's fund also may be long or short certain stocks in his biotech or B2B rotisserie leagues or New Tech 30 index. 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