Now everybody knows about the raid on Brazil from my
Random Musings item earlier today. What a dynamite raid the bears did! Not only that, we have to wait until after the close to find out that the world came to an end in Latin America.
And, now, as I write, the Brazil rumor is denied by the central bank on the tape! Looks like the bears better come up with something about China next. That's tougher to refute 'cause it's at night! Go to work bears! China, wow, why didn't I think of that? What a natch!
While I wait for the world to come to an end, and
drones on in the background about how the market looks so terrible, I am buying some overbought financials that at last have pulled back. Just when I thought
would never let me back in!
Contrarians: Short me the banks, please. I like them. Sorry.
James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com.
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 by sending a letter to TheStreet.com at