Pre Market - July 13th 2007

Nothing of great substance in the press this morning. The expectations on the street this morning is that the bull rally is back on. We will see.

One note that I do find somewhat interesting is that a good deal of yesterdays huge rally was fueled by short sellers covering. Is there more shorts to cover, yes indeed. I am sure a lot of hedge fund managers are pulling their hair out on this rally after they were forced to cover because they were expecting a continued down fall.