sohony

This Rally May Have Legs - Bespoke

> I disagree.
> Recently Bespoke published that "Since the end of February, short
> sales on the New York Stock Exchange increased by 10.7%" on the rally.
>
> This sign tells me people are not scared by the rally and use it
> to increase their bets on the market fall.

duh.

a sharp increase in short sales is more often than not bullish.
especially if supported by other positive indicators.

a short sale will need to be covered at some point.
perhaps sooner rather than later if squeezed (as the march '09 vintage has been) by a sharp market advance....



On Mar 29 11:10 AM Roowns wrote:

> I disagree.
> Recently Bespoke published that "Since the end of February, short
> sales on the New York Stock Exchange increased by 10.7%" on the rally.
>
> This sign tells me people are not scared by the rally and use it
> to increase their bets on the market fall.
> The market reaction to Fed plan was totally wrong since all those
> money are pumped into banks for what ? To make sure this sector that
> contribute with nothing to economy doesn't fail and what banks are
> doing with the money ? Paying CEOs or keep liquidity for the rainy
> days.
> The few improvements that we've seen into the economic indicators
> surely are just a small step before we make a picture if it's the
> bottom or not.
> And after market rallied so much it makes it even more risky to enter
> now.