Pension Panic Sparks Biggest Dow Point Rise In History

Zero Hedge | 3/3/2009 | Staff
emilia (Posted by) Level 3
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Where is Cooperman: "It's all the algos' fault the Dow is up 1000 points"

Investors welcomed Kevin Hassett’s assurance that Jerome Powell’s job is “100 percent” safe.

Driver - Today - Exuberance - Pension - Rebalancing

But the biggest driver of today's exuberance appears to be actual pension rebalancing or front-running the pension panic.

And today's explosion comes just as CTAs turned short and hedge funds have the lowest net exposure to the market in 3 years...

Short-squeeze - Squeeze - Day - Brexit

And just like that a short-squeeze was enabled...the biggest short squeeze since the day after Brexit...

On March 3, 2009 Obama marked the end of the financial crash with these words:

Profit - Ratios - Point - Buying - Stocks

"what you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it"

On Dec 25, 2018 did Trump mark the end of the rout with these words:

Companies - World - Kinds - Numbers

"We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think...
(Excerpt) Read more at: Zero Hedge
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