Maybe It Shoulda Sunk, But It Didn't

Why can't they kill it? I come home every night and ask, "Where are the sellers?" Most certainly many of them need to make performance, scratch it out now, like a guy walking, then stealing second, being bunted to third with a sacrifice fly and sending him home. That's how I always viewed what I tried to do when I needed to catch up.

But where are the monster sellers of Bank of America (BAC - commentary - Trade Now), which is up so much? Why aren't the holders of Capital One (COF - commentary - Trade Now) more fearful? Where are all the people who participated in the Suntrust (STI - commentary - Trade Now) secondary or the State Street (STT - commentary - Trade Now) secondary. Why aren't they ringing the register ahead of the employment numbers?

How come people aren't taking profits in Caterpillar (CAT - commentary - Trade Now) after this historic run? Or Ingersoll-Rand (IR - commentary - Trade Now)? Why didn't people slaughter the natural gas stocks when natural gas failed to break out? How could Chesapeake (CHK - commentary - Trade Now) be up so much?

Why didn't Cisco (CSCO - commentary - Trade Now) stay down? Don't you have to ask yourself that? The bulls should have been scared out of their wits by the selling, but they took nothing off the table and this stock is up in a straight line from $18.

How about MBIA (MBI - commentary - Trade Now) and Radian (RDN - commentary - Trade Now)? I have been hearing how worthless they are for months now, but Radian just hit a 52-week high. Is it in some sort of alternate research world?

I don't know -- I just think people need to be in, need the exposure, won't give up their exposure and have to use any dip to get in and that's what makes this an unbelievably hard market to short. When you add in the money flows -- institutional and hedge fund -- it is easy to see how even bad situations can overrun perfectly good shorts.

Today was the day. Big run into big number. Oil and nat gas were not cooperating. A so-called terrible bit of guidance from CEO John Chambers of Cisco.

Shoulda gone down.

Shoulda, woulda, coulda -- didn't.

At the time of publication, Cramer was long Cisco.

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