CNBC a Contrarian Indicator?

One headline at CNBC says "Buy-and-Hold Investing Makes A Return After Turbulent Year" (9/23/09).

Maybe it's time to take the profit from March low...

On the other hand, I hear a chatter that most professional traders have been short or getting short. With the high frequency trading it is very easy to create a stampede like we witnessed yesterday after the FOMC announcement. The market sold off very hard for 90 minutes to the close, non-stop. Certain things doesn't happen in nature, and that sell-off felt like one of those "unnatural" events.

Be careful out there.