Investors who shorted stocks yesterday expecting the Ukraine crisis would last longer now find themselves on the wrong side of the trade. Keith Bliss of Cuttone & Co. says many traders are scrambling to cover Monday's shorts today as stocks move higher. Billionaire investor Warren Buffett said he was buying stocks yesterday as many panicked and sold, which lent comfort to traders. Bliss also noted there wasn't a capitulation of selling on Monday. TheStreet's Debra Borchardt reports from the NYSE.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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