Costard

Was Friday's Rally Just a Hedge Fund Short Squeeze?

Check the upticks at 9:37 and 2:00. Buying at high volume all day, while the selling action was at low. A "wait a see" mentality with a bullish bias, and extremely vertical action around the 8,000 level.

There's a lot of cash on the sidelines, and it's not going into gold/treasuries. The VIX can only measure those trading; in this environment, it is a poll of the scared and screaming. Again, watch the volumes. Be mindful that not everyone hyperventilates over the news, and in fact, some people pay mind to fundamentals, desirability being a function of price more than political policy. What you're seeing is not a shift in investor sentiment but a shift in who's playing. We will likely see more of the same next week. As well as more articles like this one: expressions of confusion and bafflement over nature's laws asserting themselves.

These times are not short of spectacles.