Nothing like reorienting your entire day trying not to get smacked by tech. Right now I am on a Goldman Sachs conference call about crops, or, more specifically, the lack thereof because of a Midwestern drought.
Drought means higher prices. Higher prices means more farm equipment for the areas that don't have drought. More farm equipment means
could have a run. Deere is a quintessential nontech play, something that big money wants more than anything else right now.
I am sure that I will get email saying it is the bottom for tech when I am looking at Deere, but I have bad news for you, I have been looking at Deere all along. It's just that when things go wrong, like drought, I want to be ahead of the game and this stock has done nothing for years.
We are taking stock of Deere as I write. It is a pleasure to buy a stock that won't be listed in the lockup tables of
The Wall Street Journal
The New York Times
Congratulations to our
sister publication in the U.K. for its giant
deal. Also, I see from
, our sister site in Israel, is currently in talks with
. Kudos to them!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long John Deere. 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