Cramer: Money Management, Part 2

N E W   Y O R K, Sept. 5 -- This is the second of a two-part column on the game of money management. Click here to read the first installment.

No more silly Fed watch. Things have cooled enough that we don’t have to sit on the sidelines waiting for the Fed to sound the all-clear signal, which it never does anyway.

Stop the Candidate Bashing

Like it or not, neither presidential candidate is bad for the stock market. The Republicans would cast Vice President Al Gore in a light that is negative for stocks, but I don’t think that will have much traction, given how unbelievably positive the Clinton years were for the market, and Clinton isn’t as “smart” about the economy as Gore. I personally don’t like what Bush wants to do with taxes, but I know better than to get into a political debate here, so I will save it for other venues.

A whole new generation of kick-butt CEOs is coming up, giving us a new group of stocks to buy. I read an unbelievable interview with Keith Krach from Ariba. Tell me you don’t want to bet with these guys. You want to bet against Greg Reyes at Brocade, who had a battle plan ready if anyone ever tried to pull an Emulex with his company? You may not believe in the Exodus story, but I do. If you can’t beat Ellen Hancock, at least you can own shares in her company. And while I’m at it, isn’t this John Roth from Nortel a serious heavy-hitter?

No Longer Disappointed With AT&TA couple of sleeping giants seem to be awakening. Last year IBM got taken down by Y2K, as it should have. That’s now behind them, and I think this stock is rocking here. AT&T, another stock that I felt betrayed, beaten up and crushed by, seems to be turning