Rhyme and Reason - TheStreet

Rhyme and Reason

Cramer is wrestling with this market's day-to-day indecision and finds that unless you have total conviction, days like today are bound to shake you out.
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"Eenie meenie minie moe. Catch a tiger by its toe. My mother says it was up yesterday so it goes down today!"

Tell us what you think of Cramer's latest on

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Message Boards.

Helpful? It's been making me money.

At least you know that you are not the only one who finds this market excruciating. The fluctuations here are spooking pros and amateurs alike.

We are wrestling with this market's day-to-day indecision and find that unless you have total conviction, days like today are bound to shake you out.

Bizarrely, the only indicator that has been making me any real money is the

VIX

! This is an index that measures stress in the system. When it is highest and most crazed, you have to buy aggressively and when it slinks toward 20, you have to lighten up. With the index down here at 22, we see selling.

Look, it's a correlation in a market that simply has ceased to correlate. Take it where you can get it.

Random musings

:

Sun Microsystems

(SUNW) - Get Report

cautious call from

Morgan Stanley

was given wings by

Maria Bartiromo

today. Again, America's most powerful analyst wreaks havoc off of a fairly benign call. ... You could have gotten this

Raytheon

(RTN.A)

call from the

Boston Globe

last Friday. Of course, I just got mine today. Reminds me to cancel the hard copy and rely on the Net exclusively. (Truth be told, I like the sports section.)

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

jjcletters@thestreet.com.