Resilient son of a gun, isn't it? I mean, we are sitting here being amazed, shocked at how well this tape takes it all. I doubted
when he pronounced all is well at 9:45, but I should have been buying, I guess, rather than snickering.
Yeah, it is a tough business, all right. Sitting here banging out
and then realizing that's wrong -- at least for now.
What is the market saying? How about that
problems are being caused by a price war that's good for the suppliers? Or maybe that Dell was fully discounted at 75?
Or maybe that there's a ton of money coming in now that things aren't so bullish.
Or maybe, ultimately, that this is early, that we have a long day ahead of us and that we have seen the top (let's call that the
option because my partner,
, is even more skeptical of the strength than I am).
Compounding the confusion, the consumer brand names, the traditional flight-to-quality offerings, aren't doing squat! Is no one scared by Dell?? In the background I got guys talking about the Dell train pulling out of the station!!
There's a book I read to my youngest, about a girl with a purple purse. Repeatedly, any time people see things they can't believe, all they can say is "wow."
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At the time of publication the fund was long Dell and Intel calls, though positions 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 by sending an email to email@example.com.