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Bears' nightmare! Great productivity. Low wage inflation. Sometimes you have to pinch yourself it is so good. I sit here talking with

Jeff "Skeptical" Berkowitz


Matt "True Believer" Jacobs

, who are at the

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

conference, and we can't believe that every meeting, every dinner, every in-the-hallway session is bullish.

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Pamplona has nothing on the Goldman tech conference! So we sit here today and take stocks up six and seven points because they might be up 20 and 30 by noon. And we think, this is what the old pros always said would happen: the true blow-off to the upside.

It's funny. So many of you email me and say, "How come you didn't pay attention to

National Gift


, which was up 7 yesterday?" Or, "How did you not mention


, up 9?"

To which I say, you have to be up a lot more than single digits to merit attention in this crazy market.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long Goldman Sachs. 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