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What would this market look like if



been reappointed? Ouch! Down 240


points and 120


points, we get a little bolder. We leg into a little-trashed

B2B (like in the

Rotisserie League

). Twenty-five hundred here and 2500 there.

We took down some


(IBM) - Get International Business Machines Corporation Report

, which is hardly a Dow dog and makes a ton of sense to us now that the Y2K bug is something that


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We eyeballed



, but didn't pull the trigger (like when

Stuart says "Buck, Buck" and flaps his arms after

Mr. P

won't buy 500 shares of



). We got whacked on some










Jeff Berkowitz

doesn't even want to posit when the selloff might end. Me? I am strictly a "buy'em when you can not when you have to" kind of guy.




gets halted. Oh please, new managements -- figure out how to do this stuff better. Whatever the stuff is.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long IBM, EMC, Compaq and Motorola. Cramer's fund also may be long or short certain stocks in his B2B rotisserie league or Red Hot index. 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