The short percent of float is around 11%, but it only moved up 5% which means the shorts haven't covered yet. Institutions are happy about the 4th quarter outlook and will be buying in, so i expect the shorts to get squeezed out. I look for 71.00 by Wednesday.
Won't happen. Bernanke has a re-election to win. Bernanke has been propping up the stock market for 4 years. No reason for the Free Crack to stop for at least a decade. Dance while the music's playin' and Ben's "swappin'" with his European TBTF banks.