The Fed Gets It Right Again

You want to know something pathetic? I am praying for one of those hedge funds to start a raid based on something untrue, you know, something involving what the

Fed

really

intended to do. Some innuendo. Some rumor.

Join the discussion on

TSC

Message Boards.

Because they won't send the good ones down. You can buy all the

Xerox

(XRX) - Get Report

you want. But you want some

Verisign

(VRSN) - Get Report

? The Fed will have to recommend shorting Verisign to get in. You want

Bestfoods

(BFO) - Get Report

? I can sell you all you want. But

Liberate

(LBRT) - Get Report

? Let's just say, "Get in line!"

The bears must hate the Fed. It got it right again.

Random musings

: From

Matt "My Word Is the Only Bond I Will Ever Own" Jacobs

: "The best thing

Yahoo!

(YHOO)

ever did was strong us out on a split. As long as they don't do it, the stock can keep climbing in anticipation of one!!"

Help choose more Red Hots:

With the

Nasdaq

continuing to rage, we're planning to add more stocks to our

Red Hot Index. Visit our

message boards to post your comments on the candidates -- and make your own nominations.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Verisign, Liberate and Yahoo!. Cramer's fund also may be long or short certain stocks in his B2B rotisserie league or Red Hot 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

jjcletters@thestreet.com.