Friday Outlook: Bear's Wild Ride

The squeeze continues and options expiration beginning Friday is playing a much bigger role than most might suspect. From past experience as an options principal and under these conditions, floor brokers are hunting down options strike prices like we should be bin Laden. It’s a “seek and destroy mission” and these guys are having a field day. Naturally they’re being abetted by our government with direct and indirect market interference to buy stocks with your tax dollars. They’re succeeding in their socialization free markets. And, by the way, shouldn’t we have Chucky Schumer lead a congressional investigation into short selling of crude oil?

Nevertheless the squeeze continues and short sellers are being punished “for now”.

It may be Yahoo is working on their data presentation to the extent that volume data for the NYSE has been flipped. Yikes! One would assume WSJ data is correct.

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They don’t call After Hours trading the Amateur Hour for nothing, but here it is via MarketWatch at 5:40 PM EDT with a lot of stocks taking it on the chin:















In the meantime our tax dollars were at work via the Fed yesterday as they lent roughly $25 billion to the primary dealer network. Membership has its privileges.





Elsewhere, most ships are rising with the tide.




















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