That's why when Doug covered, I felt like we had to put money to work. I know that for some, that's too "derivative." That is too "copycat." That it isn't my own work.

I always come back and say, "Get real ... how long have you been in this business?" For as long as I have been, it has always been about trying to find out what Doug is doing or what Byron Wien or Lee Cooperman or, at one time, Atticus or Bill Miller or Ken Heebner were doing -- notice I said "at one time." There are people who are hot, and then there are people who have vision. And if Doug Kass -- who doesn't like the banks and is shorting Bank of America (NYSE: BAC) (Cramer's Take) and JPMorgan (NYSE: JPM) (Cramer's Take), for all I know -- decides to cover, then I have to scramble and figure out if I should be adding to either position for Action Alerts PLUS.

I think there's a terrible belief in this business that if it wasn't invented here, of your whole own original thinking, that it isn't authentic.

That's nonsense.

Readers come to this site to learn. As I have been thinking we would have a shallow correction, I was gratified to learn that even if Doug thought it to be deeper, he was covering. Actions shout.

I bring this up because I have been going over the chapter in my next book that comes out in October, and in it I talk about getting long at the bottom and how I simply said, the downside seems limited but more important, Doug Kass, who has been dead right all the way down, now likes it. Sometimes being the best investor is to recognize that someone else who has been around may be making a huge call.

There is no pride in this game. None. Pride's a mistake. The bank doesn't care where you got the idea. (And obviously I read all of the stuff here and heed the warnings and notice the direction that many writers take. I am singling out Doug because right at the worst moment in the morning, he said it was time to cover, and it wasn't like the market then went down another 2% to 3% or anything!)

As I look at the futures rally this morning, I think, hmmm, maybe not a bad move doing some buying at the end of the day, and an even better move not selling. Thanks Doug!

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 Bank of America and JPMorgan.