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The Cramer Diaries, Part II: Getting Ready for the Trading Day

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(This is the second in a series on how the Goateed Trader spends his day. We began Tuesday with an early-morning ride from his bed in New Jersey to his office on Wall Street. Now into the office.)

I arrive at the office at 5:15 -- almost back on schedule somehow -- and I fire up my


, my


, my two


(one with

Dow Jones

and one with



First Call

) and my


. I type in "wei go" on Bloomberg, after glancing at the boring quote they pick everyday, and scan world prices and then hit in "Top," which is this great Bloomberg shorthand page about what's breaking and shaking. Nothing doing. I then go onto


and read my new

Business Week

for free and I marvel how the paid version comes later and is less helpful than the free version, which is available before the market opens. I check out the

Gene Marcial

page to see whether he hypes one of my stocks, which I will then use to blow out of it immediately, because this column has zero reliability. There he goes pumping some corrupt small-capper again. I also click through the other stories. It is 5:25.

Now I go through some serious multitasking, simultaneously answering my 70 other emails with my laptop, which has them downloaded, and scanning

for anything new, and going through to see what John Berry said about the


. As always, he got it right; Fed buries old paradigm. I then check because I want to see how the


did. I read a


-returns-soon story, and scan the Philly business section.

Boom, I hear the big stack of newspapers I have hand-delivered hit the door in the lobby, so I run out, Swiss Army knife in hand, and cut the papers open. I immediately scan the

New York Post

because they write about cyber stuff like no one else, check other business articles, and in a moment of vanity look to see what they say about the party I had been to the night before. That was unrequited; nada.

I then scan the New York

Daily News

business section, which is simply not long enough, and then check the sports section, because it's the best and because I care about sports. It's almost 6 o'clock when I open the

USA Today

Money section, and read a terrible story about what Greenspan said and notice headlines looking for impact on the portfolio. There are none. I like it that way.

A quick read through the

Financial Times

, where I again marvel that they don't pick up

stuff in a page of articles, because otherwise their American foray is totally doomed. They are hopelessly out of touch with what really goes on down here.

All during this period, I am firing off emailed responses, most of them angry. "What do you think I am, your broker?" I answer for 10 of them asking me to look up things for them. Another 20 I reiterate the disclosure line about not helping on individual stocks. How many people want me to do their work for them? Geez, that's disappointing. Did these people have their folks do their homework when they were growing up? Probably. Ten emails of pure praise that I shoot over to the PR department. Another seven very meaty letters about how

could be better, many of which I agree with. One calling me a bald *(%^$^%, to which I respond, as always, "Sticks and stones may break my bones, which is why I carry nuclear warheads in my back pocket." Another half-dozen emails are about important business initiatives for

and still another half-dozen are rather bizarre fan letters from women, which always make me laugh.

At 6:05 my partner Jeff walks in with two cups of coffee. This is always, always my favorite part of the day. Jeff and I hash out everything we did wrong or right the day before, support each other, check each other and of course, finish each other's sentences. We also laugh a tremendous amount given the early hour. While we are talking, I am sipping the coffee, light milk, flipping through my daily Nielsen equivalents for

, noting that we had almost 300,000 impressions the day before, despite not having any advertisements on TV. I shoot the biz guys an email noting the good numbers. I also see that my clickthroughs for my column remain strong and that the


site sent us about 100 referrals from that "tip sheet" article I disliked so much. Who reads that damn site anyway? I also bang out a couple of quick emails to people I saw the night before at the

New York

mag party, telling them why I had a good time.

I tell Jeff that I have to go to Good Morning America early because I am on the 7:15 segment instead of the 7:50 segment. "No problemo," he says. I start packing to go up town. I have answered all 80 emails, read a dozen newspapers, written and filed by email a morning article, had a cup of coffee, read through my position sheets twice, my overnight ratings for

once, chatted with Jeff, scanned the world headlines and it's 6:20 a.m. on a sunny day.

(Thursday: Cramer's 10 minutes of fame.)

James J. Cramer is manager of a hedge fund and co-chairman of Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Mr. 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 welcomes your feedback, emailed to