Semis Get Into Gear - TheStreet

Get me the license plate number of the semi that just ran over the market. Make that semis!

In all of the years that I have traded the semiconductors I have never seen a move like this. By any historical method this move should have ended months ago. Instead, it got reignited with just a few calls from brokers.

People have to understand how special this move is. You are taking a very cyclical group that has historically traded in huge troughs and peaks and are anointing it with a secular growth pattern that used to belong to the drugs and foods.

Or, in English, if I were a semi company and I could talk, I would be George in that bizarro episode where Elaine (the drugs) becomes George (the semis) and George becomes Elaine.

Could I be more clear? I didn't think so.

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.