The bulls and bears got a whipping of similar magnitude in a brutal week for asset price movement. It?s been a week where both the shorts and longs have felt the squeeze, ending the jobbing opportunities of a few unnerved speculators, as many try to guess the U.S. Federal Reserve?s next move. So far, the accumulating price action is ending the week with global bourses on firmer footings, and a U.S. dollar looking for air, as the market adjusts its remaining positions ahead of Fed Chairman Ben Bernanke's testimony at the Federal Open Market Committee (FOMC) meeting next week.
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