This column was originally published on RealMoney on Aug 9. at 1:35 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Tough to get as bearish as people would sure like me to. I am inundated with bears talking about how the market's become way too speculative and worrisome. I have people saying that things are falling apart fast and the time to get out is now.

Yet, I am stuck with the fundamentals. And although the back-to-school season for jeans may be soggy, the back-to-school season for tech is going extremely well, with supplies tightening, PCs flying out the door and, in general, a strength that is, well, typical of what happens before a big tech rally in the fall.

Remember, you always want to position yourself for what's about to happen. I believe it is obvious that the yield curve is about to go totally and completely flat, which is terrible for the financials. I believe that the change in the Medicare legislation is going to storm in and make everyone want to own a health care cost-containment stock.

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I believe that oil is staying high and aerospace and defense are staying strong. I believe that the tech cycle this fall will be stronger than at any time in the last five years, augmented by incredibly strong sales from

Microsoft's

(MSFT) - Get Report

Xbox, which might be the most visible catalyst out there, and I believe you need to own some soft-goods stocks for those who will say that the

Fed

is going to cause a recession. (You are seeing signs of this in the strength of cable stocks, which are very recession-resistant.)

It's the tech world that has me most excited. For the first time in ages, both Microsoft and

Intel

(INTC) - Get Report

look like they will be hitting simultaneous strides. When was the last time that happened? How hard is it to be bearish when it does? Extremely hard.

So, I am not taking counsel of the fears. I hope we get another down leg tomorrow so I can put some cash to work.

But I am not counting on it. We are already too oversold to go down hard.

Stop fretting. It's not a bad moment. ... Unless you run a bank that's not based on customer service! (Hint:

Commerce Bancorp

(CBH) - Get Report

!)

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At the time of publication, Cramer was long Commerce Bancorp and Intel.

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