Too many good things are happening for me to be worried about anything but the overbought nature of the market. The uniform nature of everyone saying this is a bear market rally encourages me to think that it isn't. You can't have people worried about inflation right now without believing that we are going to end deflation. We know from this period that deflation is real difficult to combat. It is the real reason why there isn't any lending going on. You lose when you loan. If we knew assets were going to appreciate in value, even as we know Ben Bernanke has the ability to raise rates and slow it all down if necessary, then the banks would be thrilled to loan and private capital would be thrilled to borrow to get long. I regard all of the inflation chatter as good news, as I regard the weak-dollar chatter as good news. I think we are poised to see money coming in and companies merge -- the Suncor (SU)-Petro-Canada (PCZ) deal is not in a vacuum -- and I think we are about to have a bit of a short squeeze that will be perceived again as a bear market rally as it occurs. Ultimately, you can monitor this one easily: Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Morgan Stanley (MS) and JPMorgan Chase (JPM) will give you the temperature of the situation. I think they are the signs that it is not a rally in a bear market. It is simply a rally of great significance, because things are getting better, not worse. Hence why we are overbought to begin with, even as many, many stocks are not overbought because of the intense selling pressure that was exhibited on the weak-dollar stocks. You can have many stocks rally even as the oscillator becomes less overbought, simply because lots of stocks are way, way down from where they were even as a broader rally occurred. This kind of action is what happens at bottoms, not tops. That's what happened in the past, although obviously the economy is much worse than in the past. But remember, the retracement back to the 6300 level on the Dow represented a 57% decline in the market, representing the second-worst bear market in history. Hard to have the worst ever, given that the Great Depression was the reason for that one, and I still think that the depression we are in, the garden-variety one that began after Lehman Brothers failed, isn't worth an 85% decline in the averages.

From a recent Mad Money show:"I'd rather do Coca-Cola (KO). I also like Hershey Foods (HSY) and want to buy some Hershey right here."

From a recent Mad Money show:"This is one of my favorite financials but I have to say don't buy. You can't trust any book value anymore."

From a recent Mad Money show:"Seagate has never been a friend of mine. I like Taiwan Semiconductor (TSM) and Xilinx (XLNX) and that's it. "

From a recent Mad Money show: "Down here at $4, I can't tell you to stay away from it, but it is speculative at this point."

From a recent Mad Money show:"I'm not going to go against Apple. There are a thousand Steve Jobs over at Apple and they're delivering product after product."

From a recent Mad Money show:"Why isn't this stock doing better? I'm not going to recommend it. I'm no technician but it doesn't have what it should have and should be doing better."

From a recent Mad Money show:"I'm not going against hospitality. I think it's going higher."