Mr. Brightside

The market has taken in a lot of bad news in the past couple of days and still hangs in. In the short run sentiment can be a larger determinant of market direction than fundamentals. It is the reason I am too scared to short here.

1 comment:

Anonymous said...

Shorting the close.

I have consulted my entire Rolodex of perma-bears and every single one of them expects a big squeeze for expiration tomorrow. All of them are significantly 'lightened-up', if not square.

We shall see...

JD