"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
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
! 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.
cautious call from
was given wings by
today. Again, America's most powerful analyst wreaks havoc off of a fairly benign call. ... You could have gotten this
call from the
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