Short-Covering Bears Are Not the Only Buyers

Mr. Market has been testing the patience of bears to the utmost, although this bear is determined to remain short the E-Mini S&Ps from near the last record high.  Still, the broad averages seem incapable of selling off. Each morning, they open down simply because DaBoyz have pulled their bids overnight until sellers are spent. But that’s about as low as stocks go, and for the remainder of the day there is a steady ratcheting higher, punctuated by short-squeeze spasms if there is any news that is even remotely bullish. From ZeroHedge, we learn that short-covering bears are not the only buyers: “A ‘Cluster Of Central Banks’ Have Secretly Invested $29 Trillion In The Market” is the latest expose. Read it in its entirety by clicking here.