That's it! Set up the Claymation Death Match. This Padinha fella better get ready for a real drubbing. My prediction for him, to quote the great Clubber Lang: PAIN!!!!!!!!!
Yeah, I have been hearing from my buddies that the guy has been knocking me on the site. Big Teton talker. All I can tell you is that if bonds didn't get walloped on Rubin's resignation, they are done going down.
Oil getting drubbed.
Cyclicals being smashed.
Productivity way up; wage inflation way down.
Brokerage stocks on a tear.
In other words, I like these odds.
Let's face it, we know that stocks have bottomed when they get bad news and they rally.
Today the bonds had the ultimate bad news, the protector of the budget surplus, the blocker of tax cuts, the man who fought any reduction in capital gains, departed for points unknown. Before a supposedly suspect auction.
And what has happened? Well, now the tale can be told. Bonds rallied.
And I have put on my last tranche of bonds at a delicious price.
Now I want to make short work of this Padinha fella. Come on. Take the silly mask off. What do you think this is, the
World Wrestling Federation
This is an issue of money and credibility. I don't know about the former, as I am sure he doesn't have a dime riding on it. As for the latter, when the match is over and bonds are back down to 5.625, I will have 100% of it.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long the 30-year bond. 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