Looking for a reason to put on your rally cap for the market over the next few months? Here's...

|By:, SA News Editor

Looking for a reason to put on your rally cap for the market over the next few months? Here's one for you: Short sales on the NYSE have climbed above last September’s peak, a level that preceded a five-month rally. Shares borrowed and sold reached 5.35% of stock available for trading last month, eclipsing the 5.28% level on September 15, 2011, when bearish bets peaked last year and the 25 most-shorted companies in the S&P 500 went on a tear, advancing nearly 21%.