Ah, come on. Somebody get scared by that patent

suit

IBM

(IBM) - Get Report

filed against

EMC

(EMC)

. Somebody downgrade the darn thing. Somebody panic and think that this suit will cost EMC a penny or two.

Either things have gotten

so

bullish, or the world has gotten so jaded about the dubious nature of law suits, but nobody even freaks out any more when these get filed. Two years ago, EMC would have still been delayed. Some analysts would have offered some sort of cautionary comments.

Mike Ruettgers

-- I am wearing your pin Mike, relax! -- would have hosted a conference call or two to stave off the slide. The EMC press release machine would have been going full tilt. And we would have been buying EMC hand over fist. Now they won't even let us in.

Join the discussion on

TSC

Message Boards.

Can you blame the owners? Think about the bozos who sold

Mister Softee

(MSFT) - Get Report

at 85 because Joel Klein won a round in a marathon court battle. If that didn't keep a stock on the canvas, how will this hurt a guy? Darn. I don't even know if

Gary B. Smith

can hurt a hot stock these days.

Random musings

: Sneak preview of our

show this weekend. I can tell you, this is one for the hall of fame. It's stratospheric. Even Cramer detractors who don't believe I answer my email and think I don't exist will know this is the real deal.

(If I buy a

Lexus

will they stop running that commercial already? And does anybody miss those joker toasters for

Money Magazine

and

Perot Systems

? Oops. Maybe that's wrong. Oh well.)

Help choose more Red Hots:

With the

Nasdaq

continuing to rage, we're planning to add more stocks to our

Red Hot Index. Visit our

message boards to post your comments on the candidates -- and make your own nominations.

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