Don't these tech analysts drive you up the wall? We have the biggest down day in years in the
yesterday, and where are these guys? In their foxholes, shaking? In the bunkers, smoking cigarettes? How about in the rear echelons, the $%@^@^#$@$#, waiting for the all-clear sign provided by the
of the world with their inevitable buying?
Yep, some things never change. When the market is in free fall, these guys like to sit around in the palaces as we all get decimated -- talking real
Paths of Glory
But we get stabilization today. We get an end to the Nasdaq high-explosive incendiary bombing, and these guys will be all over us to buy these things.
No matter how many years I am in the business, it always amazes me that these weathermen always have to look out the window, wait to see no one out there with umbrellas and then come out, miraculously, and predict that the rain is about to end.
Value added? Wrong!
Only thing that has changed is that these bonds are still not our friends. But that's got more to do with
a strong economy; drugs hate it.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At the time of publication, his fund was long Intel, though positions 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 by sending a letter to TheStreet.com.