The Nasdaq's down over 1%. What can I say? The Dow's a bear, and the Nasdaq's a bull. And the DOT? Well, that's just plain the winner of the Pamplona stampede race!

Awesome disparity. Again, we are not about to stray into a bear market when there is a bull market on our screens. We are not going to stray into the redemption world of value when we can get into the growth world, which will only have more money coming its way after today.

That said, the intersection, the listed semis, make some sense to us. But we are mostly interested in

S&P 500

TheStreet Recommends

tech names that are going to get pulled down by redemptions but then boosted by new mutual fund money. The rest? It's all yours.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long Internet Sector index. 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