“It’s All A Short Squeeze” – Goldman Expects A 20% Drop Before Markets Can Rally

Wednesday, February 24, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/24/2016

For those wondering whether we’ll be riding the short squeeze euphoria wave higher, Goldman’s answer is definitively “no.” In a note out this morning, the bank says short covering and positioning have fueled the bounce and that a sustained rebound is exceptionally unlikely until either valuations get significantly more attractive or inflation expectations stabilize.

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