User 237841

Geithner!

A "short squeeze" means that shorts are being forced to cover. That clearly happened Friday afternoon. Short term traders are not going to take positions home over the weekend, especially shorts, and especially at this point in time, after such a long decline. Shorts would have covered anyway, but the news doubtlessly brought in a few more. Result was a rally. There wasn't necessarily any 'real' buying going on.