Most market participants know that "you don't fight the Fed" or ECB or BoJ etc... (unless they tell you markets are complacent or frothy or "to sell"). But what really scares market participants... based on today's horrifying short squeeze... is the word of the follicularly-challenged master of the universe...
"Most shorted stocks" closed generally in line with the board market... (but were a lot weaker as stocks dipped early before Tepper's comments ripped them higher)...
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"Don't fight the Fed" and "Don't short the "trash" when Tepper says 'buy"...