Oh my--the nervous nellies are out in force today.
Aren't you hearing this, from those who act like they are protecting your portfolio?
Didn't Ron Insana go into cash a few days ago?
Didn't Cramer warn us that the market was ready to pullback?
And don't we hear this:
"Look out we are going to reverse!"
"Fade the rally."
"We reverse on good news, and they'll sell it, and they sell it hard."
Newsflash--We had a pullback on the Dow from 14,000 and NAZ 5,000 and S&P 1560, so why are we going to pull back now, when we just started to break out?
Oh my! Look out for the scary shadow!!
And all those folks short Citi who don't see this number going to 7, are going to learn a market lesson.
In fact, I'll even help the naysayers with a cheap play on Citi
The December 5 calls at .40.
They should be able to make 400% on that play.
And then, they can call home to Mommy and not cry about the big bad shadow of the bear on the market that they are still so afraid of.
Along with all their journalist friends who also remain petrified!