I'm Jim Kramer, and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting.

This morning, we seem to be wanting to skate ahead of various events.

For instance, Oracle reports tonight. People don't seem to care. They're buying it ahead of time.

A lot of this is because I think that there are people who have been left behind. They don't care about the CPI Tuesday. They don't care about the Home Depot

meeting. All they're trying to do is catch up. Witness David Costing going from 4,000 to 4,500

at Goldman for S&P target. Right. And he points out, you know, the market has had this narrow

leadership, but he thinks the event that will help the S&P rally

another 5% from here would be that broadening out, which has been a little bit elusive this

year. We had a little bit of a taste of it just the other week after the debt ceiling deal

and the jobs report, but it's still a very NASDAQ-driven market. On the other hand, Mike Wilson, Morgan Stanley,

continues to be bearer, says earnings will disappoint, which is why he doesn't believe

were in any sort of a new bull market, which many people believed we were yesterday or Friday

when the S&P rallied 20% off the low. I think people have to realize that Mike's in a jam. I don't know Mike person. But he had this great call that could be a bull market market, then he got off the two soon. So now he's kind of caught. And I think that what he can do is if we have a bad week off of the Fed, he can then come back in a little bit more. So, I mean, I don't, I'm not saying I don't trust him. I'm just saying he's got to find a way to be able to get into this market. Well, at the same time, it has been a nice rally in the market, the S&P and Tech, and that has taken the S&P oscillator into overbought territory. 0.456% after Friday, anything above 4% is overbought.

And when the market is overbought, we like to lock in some gains.

Witness what we're doing today.

Right. Palo Alto, just a very small sale, 25 shares of the 300 that we owned.

We started buying it earlier this year, mid-February.

And look, when I was at the wine guy in Smithtown, New York, thank you very much for all

the club members who came out with a huge number of club members.

This is for yes, for the first four-oh.

What I would point out is a lot of people had not taken any profits.

And we are not negative, but we're not greedy.

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