The PC business is stabilizing!
But that's the property casualty business I'm talking about, not the personal computer business.
No matter how many times the analysts squawk about how
is good, it doesn't seem to matter -- the sellers are still in force.
That's why I am focused on the property casualty business and the bullish presentation made by
American International Group
last night about how insurance may be firming.
When tech is crummy, that doesn't mean we have to find which niche of tech works. I am not going to check into
when I can't check out of
and Dell. I am going to look at other areas.
With bonds firming, in part because the word is that the
deal is fine since the company cut back the size of its offerings, I want to continue to look at things beyond tech.
For example, take the
call. If Coke were to get clocked really hard, that might be a place to go.
is bullish about
-- that's another potential. In the meantime, I am going to keep trying to find an insurer that works, and I am not including
, as I thought that Heard on the Street column this morning was a killer!
Of course, my fave area, the banks, continues to make all sorts of sense to me. As do the drugs. It doesn't have to be tech all day, every day. It can be other things, too.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AT&T, although positions can 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 email@example.com.