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Technology Stocks : Source Media SRCM

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To: MW who wrote (1782)	12/3/1998 10:54:00 PM
From: Sir Auric Goldfinger	Read Replies (1) of 3015

Wrong! Skimming Off the Froth (seems very on topic for this pig) By James J. Cramer We got to 9300 and everybody who liked it was in already. Now, we have to create worry -- Brazil, Japan, earnings -- to justify our selling. We have to see the continual unwinding of the .com complex before we can get to where we have to go. Where is that? Where people feel that the good news is not in the stocks and buyers can can buy more. To where people feel like the froth is gone. Froth is hard to kill. I know that when I spoke negatively about the Fraud-U-Net complex yesterday on "Squawk" I had no idea that my life would be threatened and people would do everything they could to remove me as a guest from "Squawk." My mailbox was filled with people who wanted my head. Talk about taking this biz personally! When it gets that personal, when people defend the day traders as little guys -- like this is some Frank Capra movie or something -- you can tell the run is too speculative. So we take air out of the bubble. We get to more exciting levels to buyers. We let cash build a bit, and we start over with fundamentals reasserting themselves. It happens every time. It will happen again.

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