Stoxx 50 soars 12% in 2 days….

Published 27 September, 2011, 05:00, CEST+1 | By the trader

The “smart” shorts, who shorted the Stoxx 50 on Friday, are out 12% in two days. That’s pretty bad annualized….This brutal move on the upside, the trader wrote about, is killing all shorts. The extreme moves are magnified by the many short gammas out there. We are just waiting for Biggs to turn bullish soon….Below Stoxx 50 index 3 day chart (and no, it is not an Internet company in 2000)