The FED Hates Short Sellers...
Wow. Well, so I covered my shorts and got long. Party on.
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2 comments:
As I said, don't worry - today's gain will be wiped out after the headline becomes, "There must be something seriously wrong if the Fed had to cut by 50 bps...."
BDC,
Yeah, I don't know. It's tough to be bearish here. I'll watch volume closely over the next couple of days.
I guess it's possible that was a gigantic short squeeze, but it'll be hard to get sellers now because they're all completely freaked out.
-DT
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