RE:RE:Short positionIt appears there was some shortcovering to the 15th of April, apparently some are of the belief the financial problems are all fixed. We will see in the not too distant future how that belief holds up. FED will almost certainly jack up the rates again , at least once. They do not care about how it affects housing , and credit card debt, ( the poor folks) only the effect it MIGHT have on inflation.
mouserman wrote: Yes , they only give us the numbers twice a month, and by the time we get them 4 trading sessions can have occurred before we see the numbers .
It seems the FEd and big banks have papered over the problems for now, but many are saying we will see more cracks in dike, when the FED raises the interest rates again. Warrne Buffet amongst those saying there is still some problems with underwater sovereign debt bonds.