8 things I'd do if I were a hedge fund

Things that would make me want to raise some cash and hit the beach.

By Jim Cramer Aug 31, 2012 9:37AM

TheStreet.comYeah, I would take profits, too. I'm thinking about what I would be doing at a hedge fund. I know I would have several priorities:

 

1. Be ready for a disappointing Jackson Hole speech because I, unlike others, don't believe QE3 is even a factor now that housing is coming back.

 

2. Be ready for more disappointment from China, as Doug Kass' points about China are coming home to roost.

 

3. Be ready for a September-is-horrible bunch of articles, and because "sell in May" wasn't bad, it might have more resonance.

 

4. Be ready for more pre-announcements from global companies like Joy (JOY).

 

5. Forget domestic safety for a little while, because there have been big moves.

 

6. Understand that really high-quality stocks like DuPont (DD) and Disney (DIS) have been stalled here forever.

 

7. Accept that the Verizon's (VZ) of the world seem to be reflecting a raising of the dividend tax.

 

8. Realize that oil is all over the place and is trading so erratically, but the oil and gas stocks are simply trading horribly, and this market does best -- like it or not -- when they are strong.

 

Those are just eight things that would make me want to pull in my horns, raise some cash and, most importantly, go to the beach.

 

I know this is anecdotal, but I have never seen so many people take off this holiday well before the holiday.

 

That means people who have to get out of town, with my mindset, are not going to let this opportunity to sell pass.

 

So they ring the register and join me down the shore!

 

Jim 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 is long DD.

 

 

 

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4Comments
Aug 31, 2012 7:14PM
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Surfs up in CA! We have a small craft warning!

 

Aug 31, 2012 7:50PM
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Yes, Disney stalled in August.  Also typical of 2008, 2009, 2010 and lost 20% in 2011.  August is just not a good month at the box office or in a hot theme park (unless it has water slides).  And we have an election to win so I suspect that if you hedge the market in September and October, you would be doing it in a non election year.  Especially this year when a two month downturn could really determine the next president.
Aug 31, 2012 11:57AM
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MAN YOU ARE SO SMART MORE PEOPLE SHOULD FOLLOW WHAT YOU SAY KEEP UP THE GOOD WORK.

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