The Monkeys Are Now In Charge

Ok, it's official. Cramer comes out last night and tells people to scrap defensive stocks and buy semiconductors. (No I don't watch it but I must admit he has a great sense of humor. I was channel surfing late last night and his cranial vault passed by. So I stopped to admire the shine.) The monkeys have obliged and it appears they are now in charge. A correction of some sorts is imminent. If you are a bear, this might be the start of something bad. If you are a bull, it's just another natural rhythm of the market. If you are smart, you might consider waiting to find out how bad it gets before backing up the truck. Again, with the caveaut this is not investing advice.