These Are the Good Old Days

Remember this time: When the stocks of good companies do well.
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As a bull at heart, I didn't want this week to end. This is one of those sweet spots -- these last two weeks -- that makes up for all of the pain and torture of down markets and tough grinding markets and disheartening markets.

You want to take these two weeks, cut them out and put them in your wallet: a couple of wallet-sized charts that will remind you in the tough days to come, why the real trick is TO STAY IN THE GAME.

Lots of times in the last three years of writing this diary I have had to remind myself that maybe this session or that week or that month -- or even, dread, that quarter -- may not be the period when it is worth playing.

But there will come a time when things will break, when the right stocks will go up and the fundamentals will will out. This is that time. It is a pleasure to see the stocks of companies that I know are doing well go higher. Plain and simple. No mumbo jumbo, just higher prices for good stocks.

That's why staying in the game is sometimes all you should do. If you knock yourself out taking risks when the risks aren't good, you could make great money, but you could get knocked out of the game. Other times, things are all clear. When the

Fed

gave the all-clear after its end of June meeting, it gave you that green light.

I want to remember this period. There will again be bouts of angst and depression and belief that nothing works and all heck is breaking loose. When they occur, I will urge you to look back to these first weeks of July and remember what happens when things go RIGHT!

Random musings:

Happy Birthday, Dad!!!

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

jjcletters@thestreet.com.