Bulls were 4-0 on Fast Money, and we are getting the reversal in the indexes that one would not get unless you get the blatant bullishness that you can only gauge on a place like Fast Money. At these levels, the bulls have very little room for error. There are not strong longs or strong shorts. Everyone is a weak holder in a game of musical chairs.
P.S. - A market that can be shaken loose by Meredith Whitney being bearish again is one that is wanting to go lower. I will be looking to put on another bearish position soon. Odds for a gap up tomorrow are low.
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MW is bearish now?
She said back in July that banks will go up 15% from here.
Well she was wrong, they went up like 100%.
I thought she downgraded GS a month ago.
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