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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (234053)	4/7/2003 1:54:12 PM
From: Lucretius	Respond to of 436258

that's dated April 1.... so F*CK him... buy some calls

To: MythMan who wrote (234053)	4/7/2003 2:03:48 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

creamer is out of control... Don't Overthink a Market That's Not Thinking By James J. Cramer 04/07/2003 12:55 PM EDT Click here for more stories by James J. Cramer Soon the market will return to the fundamentals. People will hear about earnings and sell stocks. Wait until we get the terrible first-quarter numbers and then see what happens. Oh please, I could have said the exact same thing in 1991 -- and lost a ton of money and killed a magnificent opportunity. And this war has gone better than the one in 1991! More important, what do you make of Siebel Systems (SEBL:Nasdaq - news - commentary - research - analysis)? It pulled a Friday-night special. Nothing's worse than a Friday-night special, when the company waits until everyone's left for the day to warn. I used to hate companies that did that. The warning was miserable. Horrible. Awful. And what's the stock doing? It is going up. How do you explain away that one? That's what happens at the end of the war. That's what happens when people decide "that's past, I accept that it's past and now I am on to what will happen after." That's the way things work in this business. Sometimes stocks go up, even when you think they shouldn't. Sometimes they go up even when the brains say they won't. Disagree? Consider the incredible pounding that one of my favorite stocks, UnitedHealth (UNH:NYSE - news - commentary - research - analysis), took at $80 in these pages and in Barron's. The smart money hated this darned thing. Today it has hit $94. Next stop, $100. Maybe it shouldn't be there. Maybe it should be much lower. But the simple fact is that it isn't much lower. That is not chimerical; you could sell hundreds of thousands of shares at that price. Our readers are smart as whips. We all know what we are doing. We are all -- at least, the ones who are left -- seasoned players. Occasionally though, people overthink things. This is one of those occasions. Don't get caught overthinking things and rationalizing shorts and trying to wish things down. We've been in a three-year bear market. Maybe it's taking a breather. Maybe something else is happening. Don't fight it tooth and nail. That could leave you poorer as the opportunity still beckons to the long side. Random musings: Now that we have the chemical weapons and we know how easy it was to knock off this corrupt, horrid regime, what will be the next objection put up by those who fought against this war? Brackish Baghdad drinking water?