Mrs. Cramer: You shoulda been long, dummy

When the market goes topsy-turvy, it's time to defer to a higher source.

By Jim Cramer Sep 3, 2013 9:40AM

thestreet logoArrow Up (© Photodisc/SuperStock)It's easy to suspend belief. Last week was one of those world-coming-to-an-end weeks that we get about five or six times out of 52. The last few earnings reports were not so hot. The charts showed wreckage abounding. President Barack Obama was hell-bent to start a war with Syria, and the 10-year U.S. Treasury bond threatened to hit 3% once again. (Wouldn't it be great if it just got there already?) The banks were rivaling the techs for ugliness, and the only upside was a vicious short squeeze in Saleforce.com (CRM) as the bears were ousted at last.

 

Now, with Syria sidelined for the moment and with China dishing out some good news signaling the end of something or other, we've gotten a reprieve. Plus, we just got a Verizon (VZ) deal that's so huge, so immense, it's like a government-injected works program. Meanwhile, Nokia (NOK) -- one of my favorite speculative plays -- is seeing its shares soar after Microsoft (MSFT) said it is buying its handset business. How can you not like what that does to the spec juices? How can you not like what that does to the spec juices?

(Microsoft owns and publishes Top Stocks, an MSN Money site.)


Still, it's easy to see why no one is buying this. If I were coming in short today, I would say the following:

 

1. China is all phony, and we know that's because things are terrible there, and one number doesn't change things. (That's now an evergreen answer.)

 

2. Japan is in the grips of a new wave of taxes.

 

3. India is horrendous.

 

4. Employment numbers are due out Friday, and those numbers will send the 10-year to 3%, which will lead to a stock-market drop of enormous proportions.

 

5. It's the Jewish New Year, and don't always stocks go down then?

 

Of course, if you are short you mustmustmust proclaim the phoniness of it all.

 

At moments like this, though, I always default to Karen Cramer reasoning. One: It's better to be lucky than good. Two: You should have been long, dummy.

 

Cramer

 

 

Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust and had no positions in stocks mentioned.  

 

 

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137Comments
Sep 3, 2013 1:04PM
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It is shocking that the only time Obama and Boehner  can agree is to go to war with Syria.  How shameful . How will you fund the war Mr Obama?  Will you vote to increase the debt ceiling Mr Boehner? 
Sep 3, 2013 3:11PM
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If they fire on Syria all we are going to see for a while on news is dead women and children and the USA being called the great satan. What could they possible be hoping to accomplish??????
Sep 3, 2013 10:52AM
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Probably end up in the red today.  The last two weeks the undertone on the market is,  huge put buying, September is always negative,  OMG the sky is about to fall.  This is just a one day short squeeze. get em leaning left and surprise on the right.  Wall street only has so many little gimmicks. The Street isn't looking for savvy investors, they want Newbies they can "play".  Fundamentals haven't changed.  This market is juiced to the gills.  If the Street were pulled over by the DUI unit it would blow a 2.0.  JMHO
Sep 3, 2013 10:44AM
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Well I'm not concerned about the direction of the market, and I'm always long and nearly 90% invested. 

However, the market turmoil isn't over, but it is refreshing to see Syria on the back burner for the moment. Of course, our country is in good hands with our greater leader Obama and the cast of characters around him like John McCain and John Kerry.  

Yup I keep seeing the What Me Worry character from Mad magazine flashing before me when I consider some of our great leaders. Take McCain - this guy never saw any problem that didn't deserve a load of bombs dropped on it. And Jay Leno's bro, John Kerry - just look at those chins, whose illustrious war record and decades of droning rhetoric will ensure his place in history as Obama's white counterpart.

The American people are tired of these senseless wars in the middle east that waste this country's treasure and spill the blood of so many of our young men. Perhaps some rationalization could be found for their cost if one could find the tiniest positive benefit? There aren't any. The Arabs are a bunch of savages whose efforts and motives in life are for killing each other. 

So Obama want an endorsement from the politicians to proceed with dumping some cruise missiles on ole Bashar? Is Obama afraid to go it alone because he's afraid his legacy will be tarnished?   I think he is so used to giving meaningless speeches that he failed to realize some times you have to back up your words with actions. This is one of those times. 

I hope congress lets Obama off the hook by not approving missiles strikes. I bet Obama hopes the same thing. If congress does go along with Obama, I see the beginning of another worthless adventure in the middle east. 

Sep 3, 2013 3:42PM
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Syria is Hezbollah against Al-qaeda what part of TRAP does Obama not understand. We can't stop them from killing their women and children they have to stop it.
Sep 3, 2013 11:56AM
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Mr..Obama and his senseless actions over Syria are causing  market volatility ... traders will manipulate the news and the markets incessantly.  Mr  Obama says  a military strike against Syria will  strengthen US security -- HOW? Does he think Americans are that stupid. Congress,  vote NO, No more lives should be endangered. Stop this madness.


The manipulation has begun - Boehner has joined the warmongers! -- and traders just made a nice profit selling out the market. . Congress, vote Obama and Boehner down, They want war for political reasons -- more young Americans could die. End this madnes
Sep 3, 2013 10:38AM
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Don't we get another $85 billion this week?  No way I'd short into that.

Don't worry, be happy.
Life is hard, but God is good.
Get busy living, or get busy dying.

Sep 3, 2013 12:46PM
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Mr. Fat cat; I heard you can get high from toad licking.Is that true?Sounds like

something you`ld know about.

Sep 3, 2013 4:21PM
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I don't think Syria has a Stock Exchange...

 

Although they may have a Camel Exchange.

Sep 3, 2013 3:42PM
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Traders, show some respect ... please!  Too much to ask?
Sep 3, 2013 6:28PM
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EX-WHATEVER
QUOTE""" ,you`ld write a book and ruin my cahances.""

DRINKING  ALREADY<<<<<OR JUST EXCITED ????
Sep 3, 2013 11:38AM
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Mr. Fat head;Stick to subjects you know something about:DRUGS,PROSTITUTION and VD.
Sep 3, 2013 4:04PM
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                                                                                                                                                                         Chinese gals are also very GIB.


GIB
noun
1.
a wood or metal bolt, wedge, or pin for holding part of a machine or structure in place, usually adjusted by a screw or key.
"gib screws"
1.
fasten (parts) together with a gib.
Sep 3, 2013 1:15PM
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That the manipulators are profiting on the likelihood of war when lives are at stake ..makes them the ultimate lowlife,
Sep 3, 2013 12:20PM
Sep 3, 2013 4:11PM
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Rome-Burning........This is MSN...Microsoft Network..

 

NOTHING... to do with NBC anymore.

Sep 3, 2013 10:43AM
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"You should have been long, dummy." .......

She then waggled her pinky at him and told him to pull his pants up !!!

Arf Arf ......
Sep 3, 2013 1:22PM
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MSN please  ensure the White House sees these posts ... Obama says he will listen to the people .... Ensure our posts have meaning .. that they count!!!
Sep 3, 2013 4:49PM
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remember when fundamentals use to drive a market insteat of negative rumors?
Sep 3, 2013 4:23PM
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Mrs. Cramer was lucky. In their divorce she took him for a bundle.
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