By Jeff Macke, Minyanville

Todd-O's "media trollop" comment would be hurtful if not for the fact that I'm trying to juggle a few hundred things in an effort to meet CNBC's request that the Fast Money Four be available tonight to do a special "Dow at Record Highs" segment for this evening's On the Money. 

Given that juggling my defense is reduced to a) he "borrowed" the phrasing from my Minyans in the Mountains 3 speech and  b) I prefer the term "Strumpet."

At the risk of ruining my media tease by giving it away, my thoughts on the new Dow high at the moment revolve around whether or not it's worth it to take anything off the table during this Old School (circa 1999) mark-up quarter-end.  On the bullish Hoof I'm a firm member of the church of letting winners run.  The "Consumer Isn't Dead" names I've been totin' (in real life and on TV) like Safeway (SWY), Gymboree (GYMB), Nordies (JWN) and Federated (FD) haven't done anything exactly wrong; they're just looking pretty crowded at the moment.

Whether you're trading, shopping or strumpeting the counter-intuitive truth is that working the less crowded corner of the Street is generally the dominant strategy.

Positions in JWN, FD, SWY, GYMB

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