Just when we thought that nobody cares about good news we see a host of stocks rallying on good news.
Cramer's Latest: Join the discussion on opinion on
, which I am long, dispels the Taiwan Earthquake factor and rallies. I already mentioned that
really gave a great call this morning.
actually had pin action that spilled to
Against those positive signs is the horror of
. These are good solid companies that I would think would bounce, at least at some point. But Xerox has defined the water torture of bad selling and Unisys is a freight train that rolls over you, goes back in reverse and rolls over you again.
The pain of Xerox-Unisys and the pleasure of Boeing-Apple can't stand in the same place at once. The bonds will break that logjam. I have bought bonds today and yesterday thinking that they are oversold. I have a 97 and a half average on the long bond.
I am not sweating that position, though, because it is entirely unleveraged and I have a lot of room to buy more if the
Padinha scenario breaks out. (I obviously don't think it will or I would buy none of them, but I respect his work and haven't gone whole hog yet because he will create a more exquisite buying opportunity at 8:31 a.m. tomorrow.)
Random musings: The vicious "Hate-Cramer" bears aren't attacking me that hard today. Guess that Dow Jones has pinned their tongues to the roofs of their mouths, perhaps with rusty tetanus-bathed carpet tacks?
Hoo-hah ... I am going home long some
, oooh, oooh -- guess that's like jumping out of a 747 with no parachute to some of you, but a parachute wouldn't matter much bailing out of a jet anyway. Probably just get sucked into one of those
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long United Technologies, Altera, Tyco and the 30-year bond. 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