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 (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.





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.  



More from

Sep 3, 2013 1:04PM
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
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
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 3:42PM
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

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
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

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

I don't think Syria has a Stock Exchange...


Although they may have a Camel Exchange.

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

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

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"
fasten (parts) together with a gib.
Sep 3, 2013 1:15PM
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

Rome-Burning........This is MSN...Microsoft Network..


NOTHING... to do with NBC anymore.

Sep 3, 2013 10:43AM
"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
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
remember when fundamentals use to drive a market insteat of negative rumors?
Sep 3, 2013 4:23PM
Mrs. Cramer was lucky. In their divorce she took him for a bundle.
Sep 3, 2013 12:48PM
As expected scumbags are now in control down here, we are not in the red yet but will be shortly...Very little anyone can do when manipulators take over...We will see how far will they push this.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.


StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

123 rated 1
262 rated 2
480 rated 3
651 rated 4
649 rated 5
629 rated 6
616 rated 7
496 rated 8
346 rated 9
111 rated 10

Top Picks

TAT&T Inc9



Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.