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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call
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To: Softechie who wrote (1212)2/7/2003 4:32:54 PM
From: mishedlo  Read Replies (4) of 11447
 
Good Lord look at this shit.
Should have kept all my puts.
Where We're At: An Ideal Place for Opportunists
By James J. Cramer

02/07/2003 12:29 PM EST
URL: thestreet.com

snips:

"I have been a stalwart on the thesis that we are in a 1990-1991 moment. To recap, the market came down hard in 1990 after Iraq invaded Kuwait. The market then bounced and came back down in October. It then bounced and came back down in January, right before the war. The exquisite time to buy was in that last dip down in January before the war -- you couldn't get in after that.

We then rallied, and rallied harder than I can ever recall, for the next few months. The bear's back was broken and we advanced for years.

I am saying not that the same thing can occur -- I don't know if we can break this bear's back. But I do know that we could have a beautiful trade . . . and I want in on that trade, beginning right about now. I think we are going to go to war in less than two weeks. . . .I am committing my cash, all but $40,000 that I will be able to retrieve after some sales on Tuesday, into this tape now. I will keep that other money on the side to see if I can buy a last tranche even closer to the hostilities."
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