Oh, I can just hear it now. There will no doubt be some whining from the usual crowd, chastising me for not writing yesterday. It will probably go something like this: "But why didn't you tell us yesterday that you were buying? Huh, why? And now that the market is popping to new highs, you tell us that you're selling into this pop? Thanks a lot, Mr. Smarty Pants! Isn't it a little late to be telling us this?" Well, I guess it is, for those who are conditioned to using by-number coloring books. But I am supremely confident, based on some readers' comments, that many of you were buyers into yesterday's pullback and that you didn't need me to reassure you that buying weakness (maybe in the Russell 2000, which was down by more than 1% yesterday) was the right thing to do.
(As I have mentioned before, I am busy. These days, with the weather beginning to heat up in Las Vegas, owning and managing nine apartment buildings (including the purchase and demolition and rehab from floor to ceiling) doesn't leave me lots of time for anything but the bare essentials. Yesterday, for those who are interested, I had water leaks to contend with in six of my nine buildings. Most of those leaks have now been contained -- most of them. But I digress.)...713 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.