We looked so great Friday. We looked so terrible yesterday. Why is that? The shorts covered Friday ahead of the bank plan. They knew there was nothing that Tim Geithner could say, not after the buildup, that would keep them from rampaging after, but they had to have the ammo, and they didn't want to have to scramble and double-short. In other words, they took profits on Friday, and then they came in flying yesterday. They came in with everything, every double-short instrument and every put that could be purchased on the usual suspects, plus they pushed down the S&P and they went after the staples with a vengeance. To me, the banks were goners no matter what unless Geithner had said, "We love Wells Fargo (WFC) and think it is a $25 stock so we are tendering for it there." The staples are a tougher call, although they're understandable. We don't have any earnings momentum and we have multiple compression galore, so if Procter & Gamble (PG) has a 13 multiple and a declining earnings profile, why should I keep buying companies that aren't as good, like Heinz (HNZ) and Kellogg (K), especially when Citi says the biggest food price war in history is coming, led by Wal-Mart (WMT), which, by the way, is laying off people! It didn't help, of course, that we are in a moment where oil has to hold $40 or the ultra bear oil sellers come in with guns blazing taking the group back to the lows. Not even Intel's (INTC) reckless spending announcement could help! I think it was overdone. I don't like this market when it is high and overbought, and I do like it when it is low and oversold. Unfortunately it is neither low enough or oversold enough to make it enticing enough to do anything but pick, but not sell. We've come down enough to eliminate that option.

From a recent Mad Money show:"I'm not going to bless it. Microsoft is like a utility, and if I want a utility I'll go with Duke Energy (DUK)."

From a recent Mad Money show:"I like the mineral stocks. I prefer to play it with Freeport-McMoRan (FCX), but with BHP down big today, I'll own it just for the China play."

From a recent Mad Money show:"Even after this tremendous decline, this one is still not a cheap stock and I'm not going to recommend it."

From a recent Mad Money show:"You might think this one can escape the morass, but I'm sticking to my guns and I'm not going to pull the trigger."

From a recent Mad Money show:"I'm not going to recommend PBR. If I want oil, I want yield and if I want yield I want ConocoPhillips (COP). Forget PBR."

From a recent Mad Money show:"Keep looking. I don't want you to touch it. I don't like retail."

From a recent Mad Money show:"No, I think it goes right back to $5. I didn't think the quarter was very good and I don't like the business model."