Or have General Mills and Pepsi (NYSE: PEP) (Cramer's Take) already crashed? And do they even have enough weak-dollar business, vs. say Coke (NYSE: KO) (Cramer's Take) and Kellogg (NYSE: K) (Cramer's Take), two other crash victims that seem to be ready to flip the switch because of the dollar? Do they have too much commodity exposure if commodities go too high? Or do we not have to worry because they are still getting hit by locked-in high prices from last year? Or can't we just buy them right here because, despite the oscillator, they are way oversold?

And tech? The fundamentals are weak, and the valuations not so hot. But then again, Taiwan Semi (NYSE: TSM) (Cramer's Take), Xilinx (NASDAQ: XLNX) (Cramer's Take), Texas Instruments (NYSE: TXN) (Cramer's Take), Qualcomm (NASDAQ: QCOM) (Cramer's Take) and Oracle (NASDAQ: ORCL) (Cramer's Take) all had numbers raised. Last night Goldman raised Intel's (NASDAQ: INTC) (Cramer's Take) numbers.

In times like this I know a lot of money can be made. But things happen fast. The gold stocks I was recommending two weeks ago on "Mad Money" have given you a year's worth of performance in two days. Who can buy them now? Freeport's (NYSE: FCX) (Cramer's Take) soared 10. I bought some BHP Billiton (NYSE: BHP) (Cramer's Take) for Action Alerts PLUS but it has already gotten away from me. Perhaps most telling, Nucor (NYSE: NUE) (Cramer's Take) is up huge since the horrid pre-announcement. It is too late for all of those already.

To me there are just too many variables. I think the oscillator controls. Other than General Mills, which has been so crushed -- even though it could go down a couple more in a really bad market, to where it yields 4% -- nothing is oversold enough to be protected from a return to a vicious market.

Time to lock in some profits and sit on hands until we are less overbought and the situation -- meaning the earnings situation, because we are nearing the end of the quarter -- becomes more clear.

Scalp 'em and wait.

Random musings: Who can defend the people who make a lot of money who work at firms that took federal aid? Who can defend any bonuses? Why are they even paying bonuses? This is a bad year. The tide has turned. You defend these people at your own peril. I know and you know that there are a lot of good people who deserve bonuses, and bonuses are the method of paying people -- or at least were the method -- if you work on Wall Street. But the American people are too angry and anyone who tries to stop this juggernaut has been steamrolled.

If people want to make a lot of money, they have to leave firms that take federal money. Period. They have to make the switch. Either that or their firms have to give back the money that they don't have to give back. I know a lot of people who want me to go on TV and say how ludicrous it all is. But I have the noose marks from my last lynching still fresh. It doesn't matter how I started out or how I lead my life, I am thought of as a rich hedge fund manager who worked at Goldman Sachs (NYSE: GS) (Cramer's Take) and then had my own firm who has come out against the timing of Obama's budget.

I am public enemy No. 2 ... after Madoff.

Someone else has to carry the water.

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Goldman Sachs, General Mills, Hewlett-Packard, Freeport-McMoRan, Qualcomm, Johnson & Johnson and BHP Billiton.