We already know that Bill Cara has left the bear camp. We know that Doug Kass has left the bear camp. And I just found out that Jim Rogers already covered his financial shorts (which he had held for several years) just the middle of last month.
The only one left are the Elliot Wavers, and you know how many times they've been wrong!
This rally could have very serious legs. I can't imagine the sideline bulls won't start buying this week. I think confidence will return to the banks, housing and consumers.
The biggest bear trap may have been last week, when the SPX 1260 broke.
Our plan tomorrow is this.
Game Over, Bears?
