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We can have tremendous gains like we had today. Hallelujah we know there are gigantic bets made against stocks at all times. When the bets work, they work big. But when they fail, the failure is spectacular. [ applause ] and the bulls trample those who try to profit from declines in stocks. The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce h hercu...

Sellers who had to cover shorts by buying stock because the sellers never materialized and there was furious buying instead as hedge funds came in to get me more action. Now i actually like short sellers. The shorts play a key role in the market. Short selling is a vital part. It exposes frauds and faults. They make money when companies falter or when shareholders capitulate to fear even if nothing is wrong. The shorts lose money when the expected and they have to buy back shares they have shorted or bet against. Sometimes for much more than they initially soldle them for. Today we saw a ton o...

Some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for longer than many thought. Whats driving the market on a moment to moment ba...

The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are movi...

Captioning sponsored by Macneil Lehrer productions woodruff resistance from House Republicans delayed action on a fiscal cliff compromise passed overwhelmingly by the senate in the wee hours of this new years day. Good evening. Im judy woodruff. Suarez and im ray suarez. On the newshour tonight, we get the latest on the stalemate plus we hear from republican tom cole of oklahoma and democrat Chris Van Hollen of maryland. Woodruff Jeffrey Brown has an update on some of the areas hit hardest by superstorm sandy, where recovery continues at a slow pace. Suarez badly damaged by sandy in new jersey...