In the meantime, Wells Fargo (WFC - commentary - Trade Now) and Goldman (GS - commentary - Trade Now) have turned up.

So, amazingly, in the span of an hour, the two wobbly legs -- tech and banks -- join oil going higher.

That's what's so difficult about the market. That's what's so curious about the piece I did today on the ease of being a bear -- the one where I tongue-in-cheek said you should just sell everything.

Suddenly we have a situation where the shorts are momentarily overrun and the longs have a chance to make money.

Now, again, I think that this market's crummy. But I have been quietly putting money to work in these dips, not because I expect a quick turn, but because I simply don't care about these daily commodity-like selloffs. I use them to pick at stocks that wouldn't be down if it weren't for the dollar/gold/oil conundrum.

The area I am digging deep on right now is tech, because now that I have read the Morgan Stanley analyst's report, I think it's dead wrong. Intel's (INTC - commentary - Trade Now) down 2½ dollars from when it reported. That makes no sense to downgrade now. Nvidia (NVDA - commentary - Trade Now)? How can that come off the list down here? Why did he like it to begin with? ON Semi (ONNN - commentary - Trade Now) is totally related to a turn in the economy, and that comes off the list? Its business is smoking. I am not buying this report.

But we see the fallacy of betting against the market as a whole and we see the problematic nature of relying on the gold/dollar/oil troika when we get a reversal in a couple of key stocks.

Literally, just a few stocks control this market. You only need to have a half-dozen on your screen to figure this stuff out: JPMorgan (JPM - commentary - Trade Now), GOOG, AAPL, GS, WFC, Chevron (CVX - commentary - Trade Now), Schlumberger (SLB - commentary - Trade Now) and Bank of America (BAC - commentary - Trade Now). Those really tell everything you need about what's happening and what's going to happen.

Man, is this market stupid.

Random musings: I bounced "sell sell sell" off more people today, and in each case people afforded me the respect they give Roubini. It felt so good, even as the market turned. I can't believe the fantastic reception I am getting to my "sell everything" call, even though I don't believe in it. So sweet. I can see how people fall prey to its seduction. I am getting people to respect me. It's cool as all get-out!

At the time of publication, Cramer was long Bank of America, Goldman Sachs, Wells Fargo and Chevron.

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