gabe borenstein

Wednesday Outlook: Bulls Storm In

This is only the beginnig of the unprecedented rally.The recession that most of the experts are referring to ,statistically does not exist(two consecutive quarterly declines in the GDP).
Market "Bears " will have to adjust their positions(short)to reflect the true state of economy(deceleration),... a wishfull thinking(recession).
Short covering is only a partial argument for the stock market rally.
The ultimate "engine" responsible for the record equity rally will be the Great Economic European and Emerging market implosion,driven by the high rates and the record leverage in these geographic/economic areas.The flight to quality(dollar) that will follow ,will overwhelm the "shorts" and the experts.