And John Chambers--will finally admit to seeing some sunshine.
I've sold puts on this name, as I don't know how much it will move.
Of course to the bears, their sunrise looks like this:
Because we are only at the start of the biggest bull market they will ever see.
And while we are talking about that. Remember all those bears at 700 who said we were going down to 325 on the S&P?
I said we are heading to 4,444. On March 12, 2009. When this party was only going on for three days.
Is that really so ridiculous now???
In fact, do you really think anybody will be talking about the pension problem then? Or the muni apocalypse that won't ever happen?
If Wall Street was fair, like in football, Meredith Whitney would be the understudy of Sue Sylvester's understudy!
Because these bears still haven't even sobered up!!
Wall Street's recovery
It's the bull market of the beast.
The low in the S&P was 666.
The low in 1982, on the DOW was 777 before it's 18 year run.
And when the market crashed in October of 1987, to the high in 2000, the S&P had moved 666%, and it took 3,141 trading days (pi).
So let's take the S&P low of 666.666 X 666.666% and we have a target of 4,444 in the S&P.
Since I was born at 4:44 AM, on this earth that spins around the sun at 66,666 miles an hour, I'll take those numbers.
But no one else will. The bulls flip to bears when the market stalls, just like a sober alcoholic goes back to his drink.
The bears can't go in the bull camp because their positions are contrary to it, and so is the news.
And like an alcoholic, who thinks a drink will make him feel better, they go back to their shorting ways, not realizing that the punch bowl for the bears has been taken away, and the market is on the road to recovery.
So I threw in some math, that only someone with "wet brain" would appreciate.
The market just got it's white chip.
It's not going into relapse yet!
The green chip comes in 90 days.
And that's when the bears will sober up