Nervous Bears Make Plunge Protection Team Unnecessary

Yesterday’s swoon finished with a weak short squeeze that never quite brought shares back to unchanged. Bulls will likely be on the defensive Friday as a result, but don’t count them out yet, since all they need do to generate a more powerful squeeze next week is to hold the broad averages buoyant for a couple of days. Bears are so used to getting wrung out that they can always be counted on to trip over themselves to buy the dips. Who needs a Plunge Protection Team with so many nervous shorts still in the game?