In his Real Money Column " Work-From-Home Stocks Have Room to Run", Jim Cramer discusses how every time Covid-19 cases rise, the stay-at-home stocks rise right along with them. Cramer mentions that cardboard maker WestRock Inc. (WRK) , which was up 4% Thursday, has been part of this dynamic as the demand for container board got stronger.
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It feels like these companies are casting a wide net, but it makes sense to file at the beginning of this mushroom mania.
Short selling is a powerful tool, but it is not just the inverse of going long and requires a very different mindset to do it effectively.
I believe the markets are headed lower - probably not in a straight line or as steep as the last few days, but in a saw tooth fashion lower.
It is premature to declare that the worst is over, but the intensity of the selling will go a long way toward helping a bottom to form.