How about this scenario? A bunch of guys who are short stock and short futures come on TV at 3 p.m. and predict that the payroll numbers are going to be huge and that The Washington Post article is wrong. (That's the article by John Berry, whom Padinha has effectively discredited.) The market then gets hit as people fear that these quoted individuals -- none of whom discloses that he is short -- actually may have no ax to grind and are just doing their best -- hoo-hah! -- to help you, the viewer.
Cramer's Latest: Join the discussion on
Message Boards. We are presuming this scenario and taking some stuff off the table, including some of the
components, so that we can buy them back at lower levels. Of course, individuals don't need to do anything on that.
But traders should be aware that this "raid" scenario was discussed repeatedly at our hourly meetings, so I am trying to convey it to you.
Check out my latest personal finance column,
Smarter Money, about when to sell.
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