How long would it take for all the short positions to be covered if they happened to be incorrect? Once one goes, they all will, like lemmings. This doesn't mean it will happen by any means, might never, but for the sake of argument, suppose the Fed repeat the message of the last few meetings on dec 18th and make it clearer that they are backing away from their magic employment figure which isn't even close anyhow and make it clear they are also looking for signs of inflation, which is about a light year away, then suppose that first lemming jumps, where would such a short covering rally spike the SP back to? Buying more.
we've been all wrong?, page-13
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$2.84 |
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Mkt cap ! $3.908B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.89 | $2.81 | $12.62M | 4.431M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11148 | $2.83 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 12887 | 1 |
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