When this market stampedes those who make negative bets it can be spectacularly positive for individual stocks and the averages as a whole, like we saw today. Dow gained 69 points. S p climbed 2. 9 and nasdaq advancing 2 to a rec high we dont spend that much time talking about short sellers on the show. If you want to understand why the nasdaq hit those unwanted levels, its the shorts that made it happen. Theyve been a huge accelerant to the nasdaq rally. Theyre great at getting out Fraudulent Companies and overvalued stocks and sometimes going against the grain of the entire stock market when they think the consensus is wrong. Every now and then theyll attack stocks en masse, aang tackle so to speak. If the stocks fail to go down or manage to rally, the shorts can create a stampede when they throw in the towel and begin to unwind their positions by buying back the stocks they sold to close out the trade. That panic buying explains far more of this move than you might expect, particula
Pushing towards hatteras and see what will side the camera over little bit and luke this radar and you can see how some of this whether down around smithfield North Carolina down to newton grove this up is kind of drifting off to the north northeast will see some of this moisture kind of streaming into the picture a little bit later i was in tracking showers out to the west over the mountains and mixed precipitation from high elevations for our area again were dry right now temperatures still in the low to mid forties in the upper forties to mid fifties across the immediate metro close to the co she finds warmer readings. Lets take a quick look at the twenty four hour temperature change or very close to or yesterday but in general temperatures through the afternoon will top out around fifty to maybe fifty three degrees officially some of those coastal areas a little bit warmer and we do have the chance three for hockey season. Isolated showers could develop to have that chance not a tr
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