Here's the conversion of the mutual fund managers to the bull market, much to the chagrin of the intellectual head fund managers that remain short. Do these guys really think that everyone will remain on the sidelines, just because they're short?
At first, the bears just laughed at those who danced with the bull.
Who's laughing now?
As Chuck Prince, Citigroup's ex head said, "We're still dancing!"
And now they are dancing over the bear's graves!