“Short-selling is almost up to the level right after the fall of Lehman, according to stats from the New York Stock Exchange, and that's good news for the market -- that was near the end of the financial world and was right, and this is the beginning of the turn and it is wrong. I know the bank index has almost doubled from the bottom, but it is down 80% from last May so it is entitled to go higher after some slogging. People don't really get what is going on here. Originally the plan of Geithner and Paulson was to ring-fence some banks and let them buy weak banks, then dump bad assets on the TARP. So Wells Fargo (WFC) buys Wachovia and JPMorgan Chase (JPM) buys Washington Mutual and Bank of America (BAC) buys Merrill Lynchand PNC (PNC) buys National City. Those were to be our strong banks that would buy the weak ones. Then Geithner and Paulson totally did an about-face and decided not to buy any of these assets, which made it so every one of these banks was dead meat. Now we are trying to revive them, not nationalize them as Paul Krugman says we will have to do on Bloomberg. That's not the case. In fact, if we just forbear and don't make banks mark down loans, time will heal most, although they might be crummy stocks. Still, the real issue is things are better now than they were then, but the short position is almost the same and I smell opportunity there as we work off the overbought condition. There are a substantial number of people who believe that we will roll back all 500 points of Monday. If that happens, which would surprise me, it would be a pretty great opportunity. It would be truly great below 7,000. I write that because I think that things are no longer getting worse. They may not be improving, but we have established a floor and the closer we get near it the more buyers will come out. I can't call where I think it will go -- too difficult. I just want to gauge when we are no longer as overbought as we are. That will be my signal. But the short side, good for a trade, no longer feels investible for me after this collapse, even as I prefer it this very moment because we were more than +10 on the oscillator.”

From a recent Mad Money show:"Listen to me, Nordic American Tanker (NAT) is my play and I'm not going to deviate. I don't know enough to recommend anyone else."

From a recent Mad Money show:"I took profits for my trust today. May I suggest you do the same."

From a recent Mad Money show:"That one's fine with me. But let me recommend Hershey Foods (HSY) that I'd buy right here, right now."

From a recent Mad Money show:"This has made many mistakes since it's come public. I will go for it as a spec only, not as a trade."

From a recent Mad Money show:"I've been behind Darden for a while. I'm not going to recommend it up $5, but on a pullback I still like it."

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:"Wal-mart is the only retailer I'm recommending. I think it's terrific, I'd pull the trigger under $46 a share."