Sometimes the market rewards the least likely scenario. And what would that be?
We start going up from the get-go and we keep going higher. A scenario in which we bottomed Friday. A scenario in which the tax selling is done and the overseas markets are just reflecting Friday's action.
Could that happen?
Abby Joseph Cohen
was very constructive. The earnings this morning look great. And, most important, A LOT OF PEOPLE GOT SHORT FRIDAY BETTING THAT MONDAY WOULD BE EVEN WORSE AND NOW THEY HAVE TO CONTEND WITH A RALLY AT THE OPENING.
It bothers me that the one thing that we didn't discuss this morning was a ramp right back up. We ruled it out.
Something to think about.
Lots of great stuff on the site over the weekend. I suggest you go to the
interview with Robert Wilson and then my
mock interview interview with Buzz Gould, a fictional young portfolio manager who got his head handed to him last week.
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