Trumping on a Pipe Dream

[VistaViewer]

Jim Cramer of Mad Money, just said on CNBC that we are going thru DOW 14,000 very soon.

Earlier today we were below DOW 13,000 and NOW we have less than 900 points to go to achieve his target.

Cramer also said that one major Hedge Fund went out of business today due to their large short position on Amazon. He said the official confirming news will come out in a few days.

Cramer said that more short covering is going to propel this market at a steep upward trajectory because there is little supply of shares available to be purchased. DOW and S&P companies have been buying back their shares for over a year. And brokers are no longer willing to put on new short positions at this time. Hence, the shorts must cover now.

What Chamer said all sounds very reasonable to me. So much for "Sell in May and go away".

VV