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Bears in panic mode!

Emotions in Motion
By Cody Willard
RealMoney.com Contributor
1/3/2007 11:25 AM EST

What a way to start the year. The Nasdaq is up nearly 2% on the first trading day of 2007.

That's already fueling some buying panic from the bulls, who wonder why they've doubted tech's ability to lead this market in the last half of the first decade of the new millennium.

Meanwhile, of course, the shorts and bears are panicking in their own right, and that's juicing stocks further. Any bears, perma- or otherwise, who made it through the bull market of 2006 are wondering how they can start off 2007 lagging the Nasdaq by 300 basis points or more -- on the very first day. That has to be brutal.

The only trade I've made so far this year is buying some Google (GOOG) this morning. I feel a bit underexposed with this Nazz pop myself, but I'm not going to let emotions dictate my actions.

Don't let emotions dictate yours, either.

http://www.thestreet.com/p/_yahoo/rmoney/codywillardblog/10330351.html?cm_ven=YAHOO&cm_cat=PREMI...