An object reference that seems pretty set-to-an-instance-of-an-object to me

Here's all of the relevant and semi-relevant code:

     public string[] options;
     public string[] optionNames;
     
     public List<GameObject> menus;
     GameObject[][] subMenus;
 
     GameObject[,] menuText;
     int menu = 0;
     
     int holdCounter;
     float oneFrameAgo;
     GameObject cursor;
     int[] selected;
 
     void Awake () {
         menuText = new GameObject[100,100];
         MakeSubmenuOf (options, optionNames, this.gameObject, 0, 20, 0.5f, 0.5f, 0.7f);
         cursor = new GameObject ("Pause Cursor");
         cursor.AddComponent<GUIText>();
         cursor.transform.parent = this.gameObject.transform;
         this.gameObject.SetActive (false);
     }
     
     void Update () {
         cursor.guiText.color = Color.red;

 //-----------------------
         cursor.transform.position = menuText[menu,selected[menu]].transform.position + Vector3.forward * 0.02f;
 //-----------------------

         cursor.guiText.text = menuText[menu,selected[menu]].guiText.text;
         cursor.guiText.alignment = menuText[menu,selected[menu]].guiText.alignment;
         cursor.guiText.anchor = menuText[menu,selected[menu]].guiText.anchor;
         cursor.guiText.font = menuText[menu,selected[menu]].guiText.font;
         cursor.guiText.fontSize = menuText[menu,selected[menu]].guiText.fontSize;
     }
 
     public void MakeSubmenuOf(string[] menuToMake, string[] niceNames, GameObject parent, int number,
                               int fontSize, float x, float y, float offsetBetween) {
         GameObject subMenuToMake = parent;
         for (int i = 0; i < menuToMake.Length; i++) {
             menuText[number,i] = new GameObject(menuToMake[i]);
             menuText[number,i].transform.position = new Vector3(x,y - (i * offsetBetween), 0);
             menuText[number,i].transform.parent = subMenuToMake.transform;
             menuText[number,i].AddComponent<GUIText>();
             
             menuText[number,i].guiText.text = niceNames[i];
             menuText[number,i].guiText.alignment = TextAlignment.Center;
             menuText[number,i].guiText.anchor = TextAnchor.MiddleCenter;
             menuText[number,i].guiText.fontSize = fontSize;
         }
         subMenus [number] = new GameObject[menuToMake.Length];
     }

I marked the line at which I get an NRE. I don't know what to think.