DEcho

Short Covering Helps Boost Stocks

Great article and good comments. It was about time Bespoke Investments got some credits given all the bashing lately. :-) The connection to short covering was well placed.

Personally I don't think this will change the fundamentals (besides financials book-keeping one quarter), except possibly to the downside. It increases the downside risk to the US economy in my opinion. As this crisis evolves, fundamentals will ultimately be the clue for the future, and I sadly don't feel that this move will change that. It smells like a desperate last attempt, even though it's not time for it.

Anyways, good article. Keep up the good work. I use this opportunity to roll forward covered calls on new positions, and are ready to go short around the trendline mentioned.