Shorts have squandered their opportunity. Not that it was that great to begin with.
1.) They started too soon. They should have waited until after Thanksgiving. Too much time to recover now before the end of the year. 2.) They used a weak sister like Raymond James. Raymond who? 3.) The Super Committee issues faded too quickly. 4.) The IMF gave Europe a boost.
You are right on the money! The shorts could have used the europe concerns/super committee/world financial crisis to their advantage. If they haven't covered yet, they ought to quickly. Historically, this week is a BOOMING week for the markets. We had a hiccup yesterday, and now markets are turning green today. Look for a positive week to be followed by our Santa Claus rally. INTC will prosper tremendously from this, and will most probably reset the 52-week high prior to end of year. Cheers!!!