The money's coming in and it is going to the winners. In fact, I wonder whether this action today is not a prelude for January.
Join the discussion on
Think about it. Individuals are driven toward winners. The funds that are winners get more money in. They then take that money and put it to work. In their favorite names.
Now, if your favorite names are
, to highlight a couple of rocketships that I am not long but wish I were, you buy more of them. Why not? You clearly aren't constrained by valuation, or you would have blown these out ages ago. You aren't constrained by earnings. They don't mean much to companies like these. In fact, the only thing you are contrained by is supply, or lack thereof, as you personally march these stocks to new highs.
Take a stock like
, a dyn-o-mite email customer-retention company with a product that is so good I use it myself. Should that stock be up 20 points today? Yes, if you own it and took it there. No, if you are a bystander.
Pretty simple: New money begets new highs.
: Oh heavens, here comes
again. Which journalist/hit squad is working a number on this one? I am not there anymore. Not enough Pepto-Bismol in the
downstairs to keep me in it any longer.
going up on some hot deals coming down the pike in their B2B space. Good for Matt and me. Has anyone actually hired either company? If you have and can help point out differences, I would be happy to join you in the chats about these stocks in our
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