WHO WOULD HAVE THOUGHT

In the "you cant make this stuff up," Jimmy out now with his buy call. After selling lower Monday, here is what he offers after the close:

"They couldn't bring it in. Nothing occurred that could knock the market down, and the shorts are trapped like rats.

I don't know what I would do now if I were short. Maybe I would wait until tomorrow to see if the papers just decide to make up stuff about how Ben Bernanke wasn't signaling a cut. Or maybe you try to spin a story about how the expiration is leaning to the sell side. (Forget the fact that the 2:30 floor look -- the one that indicates how much there is to buy or sell on Friday -- showed much better to buy.)

Whatever the setup, the bet against the market setup hasn't happened; instead, we have even the worst quarter -- Accredited Home (LEND) -- moving the stock higher.

Last week when we were down big, the bears came out with the usual Cassandra catcalls.
I am sure they followed up by buying February puts.
Those are rip-ups or insurance against the long side.
And the market's not yet done going up.
Watch General Electric (GE) and Altria (MO) . If they can break out, you have another two good days. "

And the column from Monday about those unspeakable manipulators and snowstorms:

"Bulls should keep their powder dry this week. I have always hated February options expirations when I am long because they have been, at times, some of the worst.

That also means it's entirely likely that you could have a big down day this week that will give you a much better entry point than today.

Plus it's entirely possible that we catch a big snowstorm and the bulls just aren't there to counteract the downward forces and the manipulators with an axe to grind.

I know it's a hard time to sit still. You have a large number of stocks being hammered, and they seem like they're holding in.

To me, it's a come-on. You have to wait this one out.
It's just too risky to get in here."

NICE GOING.