I would say buy puts of companies in overbought sectors that have a lot of debt on the balance sheet. Spike in the Vix should make puts pretty hot here over the next few weeks if oil continues to rally and fear lingers over foreign affairs.
I am guessing cnbc has been paid off already by hedge funds to paint the gloom and doom story...they probably already have a host of talking heads prepared to come on tv to talk about how the rally is not sustainable and how you "shouldn't chase" these prices. Manipulation at its finest :)
But hey, dont hate the player, hate the game. If the system is rigged...use it to your advantage!