I noticed this headline today on ZeroHedge.com
NYSE Short Interest Surges To Second Highest In A Year In Advance Of September Short-Covering Rally
Here's the accompanying graph that can be found here.
I don't really have much to say about this with one exception. IF we do get some type of hint at QE2 AND we have a broad market rally, it will be greatly exacerbated by the rush to cover these shorts.Oh and good luck getting real volume done when the HFT turn off their algorithms.
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