Something for everybody. Gateway (GTW) and Sun (SUNW) - Get Report went up on good news, refuting the perceived wisdom that nothing heads north on good news. But the bears have to be gratified by that simply awful advance-decline line. And the disheartening action in the banks would warm even a polar bear's heart.
This closing tech rally felt like the end of some big
index sell, something that happens a great deal when we cross these different bond thresholds. In other words, when interest rates reach a quarter-point milestone -- in this case, 6% -- you get people selling stocks and buying bonds.
We also had some shorts taking profits after an ugly S&P week.
Internally, my partner,
, got his tech rally, but I will be walking around with the
millstone around my neck all weekend. See if you can spot it on "TheStreet.com" TV show. And don't forget, I am willing to give behind-the-scenes insights at a
special 2 p.m. Sunday chat.
That noise you will be hearing in the background, if you tune in, will be my wife screaming at me for working on
on a Sunday.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Sun and America Online. 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