They tried to knock the market down, but they couldn't get the job done. Now they are running out of time. I think the bears will rue that they didn't throw more futures power at the decline. They might have had some traction.
For us, it's the same old situation. We are buying the same exciting, expensive, overvalued, hated-by-old-timers tech stocks that we like, and we are lightening up on the occasional dull, cheap, undervalued, loved-by-the-troglodyte stocks that periodically we get stuck in and we try to do something different.
Ahh, and you thought all of my critics would get me to change my stripes? I don't think so.
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