TV copy for tonight's business news show:
"In what traders are calling an 'extremely disappointing' session, stocks disappointed in the extreme today after a brutal 4% decline the week before.
"Stocks started up strong, but gave up the ghost as interest rates rose sharply with the only bright spot being gold, which is extremely disappointing in itself."
Cut to the Floor Guy, with a little smirk, and a note of extreme disappointment in Anchor's voice.
"I'd agree, you'd have to call this session extremely disappointing. The close itself left traders shaking their heads in disappointment after last week's nightmarish declines. Disappointment in the extreme."
Throw it to the Nasdaq Guy.
"The action was disappointing, in fact, I would go as far as to say it was extremely disappointing. I know I spoke to a number of heads of major trading firms and, to quote them, frankly the mood was one of extreme disappointment. (
Back to the Anchor.
"Well, Joe, what was your take on this extremely disappointing session?"
"I don't know. The last I looked, the market finished up. But maybe I just don't know extreme disappointment when I see it."
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