Let them come in. Let them go back a little. That would be the pattern. If I were to short the market and I were a bad guy, I would be desperate to try to get the market down. I would be doing anything, trying to find a chink in the numbers that came out, something to hang my Smokey-the-Bear hat on before the bullish conflagration burned me along with the rest of the bears in the forest.
That's why you see the stutter. Oh, there will probably be a midday lull, too. You know, a sort of lunch crunch. And I am sure at one time or another there will be an
sell program or two that could drive it lower.
And we will have to be ready to put more money to work. What are we looking to buy more of?
, for example. There is a GE meeting next week -- press only -- where it will outline its e-commerce strategy. Jack Welch was so cocky on TV this week that I figure, what the heck, big split coming (announced already), benign inflation -- what more can you ask for? GE and its partner
Internet Capital Group
probably can make a pretty compelling case for themselves. (Wednesday is a show-and-tell meeting for Internet Capital.) We also like the cyclicals for a trade and
, with all of those venture capital positions.
I say to the sellers: Hit me!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Adobe, General Electric, Internet Capital Group and Chase Manhattan. 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