If the remaining Shorts decide to flee, they'd be better off by far doing it in the next hour and a half and/or on Monday before the announcement, which the Market seems to be signaling will be OK, if not spectacular.
(Not the season for it to be spectacular, but if they meet or slightly beat, it will be enough.)
Shorts throughout the Market have to be exceptionally nimble now.
That jobs report means one thing and one thing only to me: Bipartisan compromise on taxes is a done deal.
And if they keep dividend rates - and hopefully capital gains - from rising, look for a massive Market rally for weeks to come.
So many people have looked at this tax battle exactly the wrong way!
The income tax cutoff point will probably be adjusted upwards. But it shouldn't be the primary focus.
Keeping dividend and cap gains rates low is a zillion times more important, not only for the Market itself, but for business and consumer confidence going forward.