After talking with people and listening to many money managers, there is no one short at all in this market, no one!
Tomorrows job number at 830a will be make or break. If its terrible, the shorts will raid the market. If not, we might fade it, but more than likely we close up big! There is so much cash on sidelines, any hint its over they will buy everything.
My view is that the president has already seen the numbers and has pretty much hinted that we are not out of the woods. Then again that is my opinion.
I have add to my shorts agressively today and will hold them overnight and pull trigger to sell in premarket if I am wrong.
SRS and SKF or FAZ can move huge if we are down tomorrow but vice versa can tank hard on good news.
If I was a bull, I would be loading up on CMG or other retail that is heavily shorted.
If I was a bear, I would short REITs agreesively.
The bottom line that you can either take your bets on a side or just sit in high cash and wait it out, which is the smart thing to do
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