The Selloff Is Over - TheStreet

The Selloff Is Over

Does that mean the market will never come down again? No, stupid!
Author:
Publish date:

Selloff's over.

You know it. I know it. The bears know it. All of that money sitting on the sidelines at

Fidelity

, burning a whole in their underperforming pockets (

Dow Jones

(DJ)

, of course) and nothing else that can spook this tape.

Colgate: Join the discussion on

TSC

Message Boards.

We had the crash. It was last week. We had the big selloff. Now we have so many groups hitting our radar screens positively that it is difficult to keep from deploying more cash out of sheer enthusiasm for the market.

Does that mean the market will never come down again? No, stupid! There is no train that leaves the station. There will be many chances to get long at better prices. But the lesson of this week was my wife's lesson,

shared with you earlier this week: "Market's down big. Can't you find something to buy?"

Yes, and I am still doing it.

Random musings

: Thanks,

Herb

, for a chance to buy more

Colgate

(CL) - Get Report

cheaply! You da man!

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