Maybe the difficulty in reconciling Helene Meisler's view on the NASDAQ to Doug Kass's view on the NASDAQ (link) is biotech! Helene doesn't like the Nazz, thinks it is about to roll over. Doug's on board -- he likes the action and is long. Perhaps the difference in views is that I am thinking of this index as tech when I should be thinking of it as biotech -- namely Cephalon (CEPH), Genzyme (GENZ), Celgene (CELG), Gilead (GILD), Biogen (BIB), Amgen (AMGN) and Sepracor (SEPR) plus a bunch of other healthcare players. The Nazz has the benefits of almost no banks, lots of techs with big cash positions and these biotech wonders that have acted fabulously since the year began. Sometimes an index isn't what it seems. The biotechs, subliminally, may be the reason why the Nasdaq rallied even on this awful day. I predict continued outperformance by biotech in this world of zero interest rates. So, tie goes to Dougie! Random musings: Good discussion with Jeremy Siegal and Jack Bogle on Street Signs today, with Jeremy pointing out that dividend stocks have held up but Jack noticing growth stocks are up more. In reality, both have been losers... Tim Geithner and the ProShares UltraShort Financial (SKF) destroyed the banks this week. I will have more SKF data on Monday that shows how much the shorts had to do with this move down.

From a recent Mad Money show:"The break-up value is substantially more than you can buy it for. I'd encourage you to buy that. "

From a recent Mad Money show:"In this new environment, I need stocks to have a good dividend, be near liquidation value or be recession resistant, and that one has none of those."

From a recent Mad Money show: "It looks like it's bottoming, but McDonald's (MCD) took 18 months to turn around, let's wait before we buy."

From a recent Mad Money show:"It's not my favorite pharma, but I like healthcare. I prefer Bristol-Myers Squibb (BMY) and Abbott Laboratories (ABT) more though."

From a recent Mad Money show:"Barclays is such a sale it's scary. If you want to buy that one, you just need to turn off my show."

From a recent Mad Money show:"As a speculative play, I endorse it, but it's had a big run. Keep in mind I also like healthcare."

From a recent Mad Money show:"A very industrial company and that world is going down every day. I want you to be careful."