2 ms·
On Friday there were a lot of short-sellers being told they had to buy NOW to cover their positions. That caused an immediate spike upwards in equity prices whi
by trevelyan 18y ago
On Friday there were a lot of short-sellers being told they had to buy NOW to cover their positions. That caused an immediate spike upwards in equity prices which will soon arrest and slide back down as people get out of Dodge.
The dollar is held in place by Chinese Treasury purchases, and the flush of money out of various stock markets into what is considered a safer short-term asset. Currency inflation is a longer-term risk than market collapse.