TOPPING?

So Jimmy on realmoney.com is telling us again that one has to love this market as it makes new highs for the year. I just don't get why folks don't realize what a contrary indicator he is as he hates the markets lower and loves the markets as they make new highs. Check out this from his latest missive:

"Right now, at this very moment, savor this screen. Other than a smattering of poorly performing defensive names and a couple of liquidating biotechs, everything is working. Everything.

As we go toward all-time highs, you need to remember these days, because these days are why you stay in the game. These are the days that I talk about when I say that no other asset performs as well as high-quality stocks. But you must be in them to win. Stick with Leonard, he will outperform the Harvard Law Graduate over the longer term.




Oh, and right now, at this very moment, do you mind banishing the silly cottage industry of slogans and half-truths captured by "sell in May and go away"? Or how about the canard of buying stocks ahead of a midterm election that could go badly for the president? Or the notion that the bull market is "old" and has to end? Or that without certain leadership -- from tech, from growth stocks -- you can't move?

I, for one, am sick of all of the shibboleths that keep people out of the market all the time. They are always uttered with a certainty, an element of conceit that is simply ridiculous, given what we are seeing at this very moment. "

I have pointed out articles he has written before as the market was near its lows, like this one when the DJIA was barely at 11K. It is just comical what a real joker he is.

He even has the nerve to mention "all time highs" as widely held stocks like MSFT GE INTC PFE and ETF'S such as QQQQ and SMH were all double their recent prices five or six years ago.