The screen is green. I can't believe it, I just bought an airline stock. I swore that would never happen. But I am bearish on oil and I like the

Northwest Air

(NWAC)

price increase.

And, get this, with a green screen you can buy stuff like

AMR

(AMR)

.

I bought some more

Goldman Sachs

(GS) - Get Report

which, by the way, is correlated entirely to the

NDX

! I guess that underwriting business is wagging that dog!

Oh yeah, and lowly worm

Lycos

TST Recommends

(LCOS)

, what's with that

Richard Scarry

character? We are taking a little of a stock that we sold in the high 70s less than a fortnight ago.

Weird.

Beware, you will hear talk of a new bull market because of these two back-to-back up days. That's the kind of things technicians just love. Give them their due.

We in the NDX have just experienced a frightening maelstrom. Those in the

Dow

went through

The Perfect Storm

. And

Into Thin Air

. They deserve more than two days worth of fun.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Northwest Airlines, AMR, Goldman Sachs and Lycos. 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.

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