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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Smiling Bob who wrote (191804)3/19/2009 1:42:36 PM
From: DebtBombRead Replies (1) of 306849
 
It's all of you WEAK shorts covering. No legs in short-cover rally Short-covering may not be enough to maintain rally NEW YORK (MarketWatch) -- Some of the recent rally in the market's most beaten-down stocks, such as financials, may be the result of investors covering short positions, raising questions about the long-term endurance of the move higher.
"I think particularly with the big rally in financials, we're seeing a lot of short covering," said Ken Tower, market strategist at Quantitative Analysis Services. "Fundamentals haven't changed enough for financials to really generate that much enthusiasm."
marketwatch.com
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