The Short Squeeze Commences

If, by chance, you’re lucky enough to be reading this, then you are aware of the impending short squeeze that promises to wreak havoc upon those who are still betting against stockS. It is going to be severe and make reading the Zerohedge chronicles exceedingly difficult this morning.

European markets continue to surge.

Perhaps the market is warming to the notion of production freezes? Either way, crude is higher.

The net result is a hockey stick move in US futures.

In my opinion, recent gains in the market have been due to the numerous statements out of the Fed heads, including the hawkish Bullard, suggestive of a significant change in rhetoric, from the inane to normal.