SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (109315)3/12/1999 6:45:00 PM
From: Vol  Read Replies (5) | 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.

*****************************************************************

Man it's great that we can read old posts on SI. This very letter was posted at noon on Oct 8 almost to the minute that DELL briefly touched 40 - as you all know it was almost 60 two day later. Boy, Cramer really blew this one. "Buy high, sell low!" (JJ Cramer)



To: Jill who wrote (109315)3/15/1999 12:52:00 PM
From: Michael Bakunin  Respond to of 176387
 
Sorry, Jill, but what I said is a simple tautology: if tech keeps growing without slowing down, and the rest of the economy does not speed up to match, then tech will eventually be the economy. QED. Your long post boils down to "economic growth will be above trend due to technology-driven productivity gains". While I disagree, I hope you are right; everybody wins if productivity grows.