Good news!!# Stock
k*8
1 楼
It was bound to happen: after hitting a two year high recently at (adjusted)
15.3 billion shares, total NYSE short interest, which failed to be
satisfied with a violent market plunge and instead got caught in a vicious
short squeeze, has dropped to the lowest level since mid-August, or 14.7
billion shares. Naturally, this, coupled with the massive bearish bias in
the euro, discussed previously, where covering merely added to reinforce the
squeeze dynamics, are sufficient to explain the weak hands covering
following the unprecedented near 1000 point jump in the DJIA. The good news
for bears: it appears the weak hands have been shaken off now. At this point
, even if no incremental shorts are layered on, then certainly the autopilot
melt up in equities will be next to impossible to be sustained, and some
real, not rhetorical, pick up in the global economy will be needed. Alas,
one is not coming.
http://www.zerohedge.com/news/nyse-short-interest-drops-two-mon
15.3 billion shares, total NYSE short interest, which failed to be
satisfied with a violent market plunge and instead got caught in a vicious
short squeeze, has dropped to the lowest level since mid-August, or 14.7
billion shares. Naturally, this, coupled with the massive bearish bias in
the euro, discussed previously, where covering merely added to reinforce the
squeeze dynamics, are sufficient to explain the weak hands covering
following the unprecedented near 1000 point jump in the DJIA. The good news
for bears: it appears the weak hands have been shaken off now. At this point
, even if no incremental shorts are layered on, then certainly the autopilot
melt up in equities will be next to impossible to be sustained, and some
real, not rhetorical, pick up in the global economy will be needed. Alas,
one is not coming.
http://www.zerohedge.com/news/nyse-short-interest-drops-two-mon
