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To: Mohan Marette who wrote (70459)10/8/1998 1:01:00 PM
From: KM  Read Replies (1) | Respond to of 176387
 
Cramer: Trading Goddess says GET OUT! I'm getting out.

Wrong! Dispatches from the Front: The Trading Goddess Says: Get Out

By James J. Cramer
10/8/98 12:32 PM ET

Bonds getting killed. Dollar getting killed. Market getting killed.

Hedge funds leveraged to their eyeballs and still betting. Horrible week. Never seen worse ...

Am I describing the screen in front of me?

No, I am describing the week before the crash in 1987, when I saw all the same crazy things. I have not invoked '87 in any of my writings before because I have always felt that '87 was an aberration. I sold into the week before the crash, at the urging of my wife, who said she did not see enough capitulation from the mutual funds. She did not see bid-wanted situations.

Same thing now. Same wife saying get out. Same ugliness like you would not believe. And it was before the crash.

Same feeling; same pit-of-my-stomach feeling.

James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. 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 by sending a letter to TheStreet.com at letters@thestreet.com.

See Also

WRONG! DISPATCHES FROM THE FRONT
It's the Advance-Decline, Stupid
10/8/98 11 AM

WRONG! DISPATCHES FROM THE FRONT
Kicking the Banks While They're Down
10/8/98 9 AM

WRONG! REAR ECHELON REVELATIONS
Following the Drillers
10/8/98 9 AM

WRONG! DISPATCHES FROM THE FRONT ARCHIVE



To: Mohan Marette who wrote (70459)10/8/1998 1:04:00 PM
From: Patrick E.McDaniel  Read Replies (1) | Respond to of 176387
 
Mohan, heaven help the margin holders!

A good enema will do wonders in the long run. Speaking of runs.

:o)