NEW YORK (Real Money) -- It's so tough to judge hatred these days. I don't trust the put/call ratios, as there's so much behind-the-scenes basket-weaving that it's become more of a vestige. Short-selling figures don't add up, for the same reason. The investors' intelligence polling has done nothing to indicate the contempt. Nor have the margin positions.
But I have to tell you that this market is despised, and it is despised to the point that you can feel the pain of having to buy on days like yesterday. You see the sea of green and you know that even as the news reports were of "no progress" in talks between Ukraine and Russia, the fact is there are talks and that's enough to get shorts scared.
Remember we are playing by Gulf War One rules. That's when the bulls were always hoping for a diplomatic solution and we would get covering on Fridays fearing one, and shorting on Mondays after the failure to even have anything remotely like a sit-down between the two sides.
Instead, you got the opposite. The shorts were all over the place on erroneous reports of war -- I swear we had better intel in 1938 -- and when we heard talks, even as they may fail, that gave the haters no choice but to come in and buy.
The haters hate this market the way the lonely band of survivors in The Walking Dead hate the walkers. They hate them because the so-called bad stocks won't stay dead long enough to cover, even if they deserve to be lower.