As Bill Gross of PIMCO was quoted as saying, central banks everywhere are "printing like mad," and probably your first clue is the action of gold which has regained its 200-day moving average. If QE is a factor here, don't expect too much progress on the short side, if at all. Short-fuse stops on CRM and FOSL have been hit over the past couple of days, and as always the market's action is the final arbiter. Also note that several pocket pivots we've discussed recently have been making decent progress, and this looks more constructive over all as a fertile area to play in.
SSS - Thoughts on the Short-Side for Thursday, January 12th
|Published:||12 Jan 2012 17:21 ET|
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