There are two major camps right now. One group is betting against the plan and is buying high-growth stocks with no economic exposure like Gilead (GILD) and Celgene (CELG) or the Procters (PG) of the world.

There are two major camps right now. One group is betting against the plan and is buying high-growth stocks with no economic exposure like Gilead (GILD) and Celgene (CELG) or the Procters (PG) of the world.

There are two major camps right now. One group is betting against the plan and is buying high-growth stocks with no economic exposure like Gilead (GILD) and Celgene (CELG) or the Procters (PG) of the world.

They are liking Merck (MRK) and Schering-Plough (SGP) despite universal revulsion for big moneymaker Vytorin.

They are liking Merck (MRK) and Schering-Plough (SGP) despite universal revulsion for big moneymaker Vytorin.

They are saying Wal-Mart (WMT) will move up because people are trading down.

These people are also dumping troubled companies that need financing that haven't done equity deals or found Warren Buffett -- think Citigroup (C). They are also dumping everything retail like Sears (SHLD) or Nordstrom (JWN) because -- perhaps unwittingly -- the dire testimony that Bernanke gave us totally freaked us out and made it clear that things are far worse than expected.

These people are also dumping troubled companies that need financing that haven't done equity deals or found Warren Buffett -- think Citigroup (C). They are also dumping everything retail like Sears (SHLD) or Nordstrom (JWN) because -- perhaps unwittingly -- the dire testimony that Bernanke gave us totally freaked us out and made it clear that things are far worse than expected.