Rebuilding tech slowly. Liking the action in the financials and the retailers, two classic tells that the slowdown thesis is intact.
Things are better in the
world. They are still shaky in tech. We are selling some wireless plays and buying some networkers. But our main focus is in banks and retailers and aerospace, increasing exposure into any weakness.
Not bulls, not bears, but liking the data and believing in the slowdown.
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