On today’s STOP TRADING segment on CNBC, Jim Cramer said he’s toying with a Fed that gave you nothing.  He doesn’t know whether to sell in May or Hang Himself.  He said that he was wrong about the May rate cut even though the retail numbers tomorrow will be weak.  Cramer is refuting that the Cisco (CSCO) conference call was bad.  He said Chambers was not being negative and the negativity on the street today is just wrong.  If things were so bad then companies would be acting differently and he still thinks the 14,500 DJIA target by year-end is doable.

Jon C. Ogg
May 9, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.