The bears have to feel like they have, once again, stumbled into the rusty, tetanus-strewn steel trap and are being left, slowly, to bleed to death. Oh, and get this,
, this is not a simulation. We really are putting the bears through this torture.
Or as Todd Harrison, our head trader said, "do you smell that? That's the smell of the squeeze." Beware, squeeze-wise, of stocks that are exceeding their strikes by a point or two right now. They could really ramp between now and the bell.
With business as usual I like the old tech, I like the new tech, I like the airlines, I like the aerospace and I like the ... oh, yeah, that's what happens when you have a broadening of the market. There is much more to like than there was before.
Pass the Tabasco. I want to inflict a little more pain on the gaping wounds the trap's steel jaws make on those ursine characters.
Perhaps the graphic depiction of the torture the bears are undergoing comes courtesy of the cast I just saw taken off of my wife's arm. Despite the Frankenstein-like markings, the operation was successful. Many thanks for the kind words for my dad and my wife. All are now in great shape, in no small part because of your wishes!
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