It was the compromise debt limit deal — not the employment number — that caused the market to rally.
The shorts were correct to press their bets if there was no debt deal and we got an employment number that was a steamer.
A short squeeze happens when short sellers having to buy stocks to cover their short positions, pushing prices higher.
I say no, no more than you needed in 2011, when the debt ceiling deal led to a fantastic rally because Armageddon was avoided.
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