Well, you bearshitters can moan and groan all you want; but the credit card guillotine is about to cut your fucking head off.
On the back of better-than-expected holiday sales, so far, Asian markets are sprinting at the open, with Seoul leading the pack, +2.6%.
My sense, barring another “shoe dropping,” U.S. markets will also decouple the heads of short sellers, in early trading, despite the subprime fodder.
Look for retail stocks to lead the way, with squeezes in M, KSS, JCP, AMZN, JCG, AEO, RL and GES.
UPDATE: Seoul now up 4.65%. Fuck you shorts, you’re dead.If you enjoy the content at iBankCoin, please follow us on Twitter