Not Much to Rally About

The only thing Cramer and Berko are cheering about is that they managed to stay out of some trouble.
Author:
Publish date:

My partner Jeff's foray into Wal-Mart (WMT) - Get Report lasted about as long as it would take to get in and out of one. Neither one of us wants to shoot for the Congressional Medal of Stock Buying, especially because it might be awarded posthumously. In fact, we are now just high-fiving each other for not being long DaimlerChrysler (DCX) , a stock I had been itching to buy ahead of earnings because I figured, "How bad can it be?" Answer: "stinko."

If the market rallies today, it is going to have to do it without me and Berko.

Greenspan

goes out and says we have to wait and see the data.

Well, now we are looking at the data we were waiting for, and it's not that good.

So, we put on a little Wal-Mart, but we boot a little

Time Warner

(TWX)

. We nibble at some

Hewlett

(HWP)

, but we boot some

Colgate

(CL) - Get Report

.

You get the picture.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Wal-Mart, Time Warner, Hewlett-Packard and Colgate-Palmolive. 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

jjcletters@thestreet.com.