Good News For Us Equity Market:

[S2007S]

Quote from krazykarl:

there won't be a meaningful pullback for a while - there is too much short interest out there.....

I think the shorts have been squeezed out of most if not all their positions in the last 4-6 weeks. Anyone going short only to see the market move higher will cover their short pretty qucikly, this is contributing to the new highs.

 

[krazykarl]

Quote from S2007S:

I think the shorts have been squeezed out of most if not all their positions in the last 4-6 weeks. Anyone going short only to see the market move higher will cover their short pretty qucikly, this is contributing to the new highs.

not likely - we are still heavily short. you can tell from the lack of big moves in the past 3 weeks - we've just crept higher. a sign of shorts getting out are pops - of which we have had none.

 

[greddy]

Goldman and their close "friends" were probably well positioned before they made that mysterious adjustment in the index.

Sure won't get this kind of info on CNBC.

Quote from piezoe:

See

RESTRICTED's post in the Gasoline! thread.

Or

http://themessthatgreenspanmade.blogspot.com/2006/10/friends-in-high-places.html

Why stories like this don't get picked up by the mainstream media is a baffling question. Are they that afraid of retribution from the Whitehouse? It is a sad day for the U.S. when the press stops asking tough questions. I'm not saying there is a conspiracy here. I'm just saying that we are in trouble when the press dwells endlessly on issues like flag burning, gay marriage, celebrity murder cases, and helicopter accidents and lets stories such as Goldman's exceptionally timely changing of the weighting in the GSCI be swept under the rug.