For the record, this


market bottomed when I held

Matt "I-Still-Believe" Jacobs

upside down by his shoelaces out his 24th-floor window and demanded that he give me a name, a maiden, to throw into the volcano to please the gods of losses.

He puked up

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at 11:45 a.m.. I tossed it into the giant volcano, the gods were pleased, they smiled, and the NDX ramped.

Oh shoot, that reminds me, better go bring Matt in. And get me the name of the company that makes his laces. Could be a good cyclical!

James J. Cramer is manager of a hedge fund and co-founder of 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