Everything is just fine and fixed DE. Haven't you been keeping up??? HAAAAAAAAAAA Nothing is stopping this ramp job..................
Short Squeezeability Of Two Main Market ETFs Slides To Multi Year Lows
Exactly one year ago, the short-interest in SPY (the S&P 500 ETF) reached epic heights at over 536mm shares. At the same time, short-interest in QQQ (the Nasdaq ETF) also short-term peaked at over 116mm shares short. While QQQ has seen a gentle drift lower in general (somewhat reflective of trading volumes in the last few years), since July of last year SPY has seen a 62% drop in short-interest and QQQ 59%. QQQ short-interest is now its lowest since October 2000 and SPY short-interest its equal lowest since October 2007 and so ammunition for charging this market higher seems to be running out. This is even more highlighted by the 45% and 30% plunge in QQQ and SPY short-interest in the last six weeks alone.
a few comments,,,,,,,,,,,,,
French Frog
French Frog's picture
After everything we've seen in the last 3 years, surely there isn't anyone left who believes that they actually need short-covering to gun this market higher....
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Tue, 08/07/2012 - 11:51 | 2684880 aint no fortuna...
aint no fortunate son's picture
and a collapsing VIX compliments of the bernank's new head trader
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Tue, 08/07/2012 - 12:03 | 2684917 vast-dom
vast-dom's picture
it makes perfect sense actually: jobs are strong; P/E strong; commodities cheap; savers have disposable income; QE has saved the economy; housing has completely recovered; ZIRP more at NIRP is really moving things along; bonds are beautiful.
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Tue, 08/07/2012 - 11:35 | 2684823 LawsofPhysics
LawsofPhysics's picture
Meanwile, somewhere in the basement of the Eccles building - "No one can be allowed to profit from the next take down. So it is written, so shall it be."
http://www.zerohedge.com/news/short-squeezeability-two-main-market-etfs-slides-multi-year-lows
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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