Some Fed Thoughts

Cramer doesn't want to outthink what's going on in the market.
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Oh, boy, this

Fed

thing has me shaking. I guess I have to sell a ton if it does 25 basis points and a weenie statement. I will have to jettison the whole shooting match with 50 basis points and a meanie statement.

But 50 basis points and a sweet statement, and I am supposed to buy stocks. Or is it sell them? Or is it do nothing? Or is it double down on a great statement and 25?

You get the point. This stuff has gotten ridiculous. If the Fed tightens, it's OK. If it doesn't and we get some strong numbers a week or two from now, we will get hit.

Statement? Oh, I don't know. It beats the heck out of me.

I would view a selloff as a gift to get in for the shares I like. Beyond that, I don't want to outthink it.

Random musings:

Just for Feet

(FEET)

,

Sabratek

(SBTK)

,

Family Golf

(FGCI)

. Does a day go by when one of these

Herb Greenberg

stocks doesn't disappoint? Yet the off-line media, including those who benefited from Herb's largesse, continue to avoid any mention of his work. If he were at an investment house, he would be on the cover of every magazine and newspaper as the great

Diogenes

.

Kind of ticks me off.

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.