Where Did All the Cash Go?

The trader has no idea. He does know that people are beginning to not be able to take the pain anymore.
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What happened to all of that cash? What happened to all of those buyers who wanted to move when they could? What happened to all of that

AMG

data/garbage that we hear about? Was all of it spent? That's sure what it feels like.

We are now seeing some people who want out. Now. Now they want bids. Well, ain't that typical. They waited this long, and they just couldn't take the pain.

We saw the whites of their eyes -- right before they ran us over on the way to our headquarters.

We got a couple of shots off. But that's about it.

Next stop: 3150 on the

NDX

cash, the 200-day moving average. Will they overrun that too? I don't know.

So quiet in the room, you could hear a bonus drop.

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.