107Sid

Cramer's Stop Trading! The Bears' Big Bluff (4/17/09)

Most of the "smart" money is saying that stocks remain very cheap on a long term basis, but because of the recent run-up they would not chase the market now. However they want to initiate or add to positions on pullbacks; in other words they have money on the sidelines that is looking for an opportunity to get in. The odds are that the longer the underlying trend remains upwards, more and more of them will capitulate and add to long positions (even if at higher levels).
Smells like the classic "climbing a wall of worry".