Quote from S2007S:
not true, many were short last week when the dow rallied to 12300, I was long some QID at the time, didnt care that I was down because I knew that the markets would be pulling back even more, I said it days ago when the market gapped higher.
Tomorrow is PPI and Friday CPI anything too hot and expect a market sell off as bad as yesterday.
its dumb money that piles in after what is an extended selloff that causes the massive short squeeze as we saw last year when the nasdaq added 100 points in a week.
As for the CPI and PPI numbers, the selling this week reduces the weight of those numbers unless they are very bad.