OK, here it is, your all-in-one clip-and-save checklist of what gets us out of this morass. It's what you have to look for to turn things around.
- Deals must be canceled. Scrapped. Shelved. Done. Kaput. Gone. Now.
A Net company has to preannounce better-than-expected earnings, pronto. It must be a major concern and it has to be strong enough to force short-sellers to cover shorts.
Oil has to go under $15 a barrel to give us hope of some soft PPI numbers down the pike.
Fed has to raise a quarter of a point and then say it wants to wait and see, and then the Fed governors have to agree to shut up for a few weeks.
The CPI has to be benign, causing the 30-year bond to go below 6% yield.
The retail sales, including autos, have to slow.
That's not much of a wish list, but from these levels and with this negative psychology, you could get a run with this six-point action list.
But we need every aspect of this gauntlet to be met and trounced.
Stranger things have happened. The good news is that I think you can WAIT to see if the gauntlet is surmounted before you have to act. The bad news is that it must be surmounted.
He said; she said.
for its problems. Sun points out that it had the technology to prevent the problem but didn't push eBay hard enough. Market says Sun is right; eBay should have paid the piper.
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