Sorry bears, we didn't sell Cisco (CSCO) - Get Report. I can't believe how many of you did though. That volcano is clogged with Cisco now. No wonder it went up.

How hard can this snapback be? I guess it depends on the

GDP tomorrow. Any sign of inventory build -- meaning that prices will have to be cut in the future to move product -- could fire things up more. China can help too.

Oversold rally. Much deserved. Thanks, maidens!

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Cisco. 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.