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NYSE Short Interest Drops By 200 Million Shares, Still Near 2010 Highs

Tyler Durden's picture




 

Looking at the short interest in the NYSE one would think that the market is a mirror image of where it has been. Interestingly, even though for the week ended March 31, the NYSE recorded a drop in short interest by 224 million shares, the total number of 13.9 billion shares short is near 2010 highs. Beginning at a low of 13 billion shares on January 1, short interest has risen steadily hitting the YTD high of 14.1 billion on March 15. It appears that the shorters, at least as indicated by this data series still continue to disbelieve the no volume melt up. We will observe the next update in two weeks to see if the April 15th data point indicates capitulation by the shorts, or if shorts have layered into bearish bets. To be sure, compared to prior year short positions, which hit a high of 15.6 billion just before the second half 2009 rally began, we are at materially lower short levels.

 

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Wed, 04/14/2010 - 16:15 | 300644 rubearish10
rubearish10's picture

Kawt Shawt! Game Over.

Wed, 04/14/2010 - 16:23 | 300661 hedgeless_horseman
hedgeless_horseman's picture

Lord, I give thanks for not having to make a living trading this market, and ask for you to give your infinite comfort to the poor souls that do.  Amen.

Wed, 04/14/2010 - 18:44 | 300925 spekulatn
spekulatn's picture


Lord, I give thanks for not having to make a living trading this market, and ask for you to give your infinite comfort to the poor souls that do.  Amen.

Didn't work. Please try again. My soul thanks you in advance.

Wed, 04/14/2010 - 16:23 | 300662 Bear
Bear's picture

Bear hunting season is about to end

Wed, 04/14/2010 - 16:55 | 300728 Rider
Rider's picture

Sorry unstoppable manipulated market.

It will end at the same time as QE 5 in 2012. When QE is over is time for the bears.

Wed, 04/14/2010 - 16:28 | 300676 Wm the Shrubber
Wm the Shrubber's picture

Shorting has been cannon fodder for the government gatlins.  I have learned my lesson regarding trying to employ any reasoned analysis towards directional trades.  Better to sit out and observe the madness of crowds!

Wed, 04/14/2010 - 16:28 | 300677 mynhair
mynhair's picture

Dumb a$$ shorts will never learn.

Wed, 04/14/2010 - 16:51 | 300715 nonclaim
nonclaim's picture

Doesn't have to be simple short, mind you. May be part of a strategy, pair trading for example.

Wed, 04/14/2010 - 16:55 | 300725 mynhair
mynhair's picture

Not enough fiatscos left here to care.

Wed, 04/14/2010 - 16:35 | 300686 vote_libertaria...
vote_libertarian_party's picture

You would think the hedge funds would have reached a critical mass of seeing a hard short phase would bring some pretty quick LARGE profits.

Why don't they discuss that at the next club meeting.

Wed, 04/14/2010 - 16:35 | 300687 Cyan Lite
Cyan Lite's picture

Sounds like this rally can continue to melt-up on short covering.

Wed, 04/14/2010 - 16:53 | 300718 wgpitts
wgpitts's picture

Criminal Complaint to FBI and SEC: "Short" Sellers or Buyers of "Put Options" Defrauded of Billions By Federal Reserve Bank

http://www.facebook.com/wgpitts?ref=profile#!/note.php?note_id=383150183339&id=1054329942&ref=mf

Wed, 04/14/2010 - 16:53 | 300721 Thisson
Thisson's picture

I am a short and hold investor.  Long SH.  If I have to wait 30 years, I will take my profits, dammit.  They're not going to shake me loose from this position, because I know that the market is completely papered over and that lack of cash flows is going to kill those insolvent banks.

Wed, 04/14/2010 - 16:56 | 300730 mynhair
mynhair's picture

I feel your pain, and have the same attitude with daily inverse trading.

Wed, 04/14/2010 - 17:02 | 300747 Rider
Rider's picture

The only thing killing banksters is FASB's mark to market. The melt up will continue as long as QE and ZIRP last.

I am craving blowing off the heads of some zombie banks too!! 

Wed, 04/14/2010 - 16:54 | 300722 wgpitts
wgpitts's picture
"Short" Sellers Defrauded By Federal Reserve: Class Action Lawsuit

http://www.facebook.com/wgpitts?ref=profile#!/note.php?note_id=383150183339&id=1054329942&ref=mf

Wed, 04/14/2010 - 17:01 | 300748 wgpitts
wgpitts's picture

The audacity of this criminal enterprise never ceases to amaze me...How can these publicly traded banks and financial institutions have huge material events and transactions occurring and not have to reveal this to investors?

By the Federal Reserve Bank's own admission, if investors knew the real state of the banks they would not invest in them. This is fraud by the inducement and a violation of securities law by every one of these banks....if they are going to be publicly traded banks they must reveal material transactions. And the Fed is operating on behalf of the US treasury and must reveal....

From the article:
"Our member banks are very concerned about real-time disclosure of information that could cause a run on the banks," said Paul Saltzman, the group's general counsel, in an interview yesterday. "We're not going to let the Second Circuit opinion stand without seeking a review."

They are concerned with the public knowing the amount of theft and insider trading....

Fed Shouldn't Reveal Crisis Loans, Banks Vow to Tell High Court
April 14 (Bloomberg) -- The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said.

http://www.bloomberg.com/apps/news?pid=20601109&sid=ax8ulGXswn4E&pos=11

Everyone who took "short" investment positions since this has occurred should be compensated for the banks fraudulent activities and investors must be notified of material transactions.

Wed, 04/14/2010 - 17:04 | 300755 SteveNYC
SteveNYC's picture

Damn right, I agree fully and I don't really have much of a claim. Willing to support the cause.

 

Is your avatar "Pink" from "The Wall"? Can't quite tell.....

Wed, 04/14/2010 - 17:10 | 300773 wgpitts
wgpitts's picture

Tom Cruise as German Patriot Claus Graf Schenk von Stauffenberg

http://video.ilovekolkata.in/seyretfiles/uploads/thumbnails/user_62/valkyrie-02.jpg

http://germanhistorydocs.ghi-dc.org/sub_

Operation Valkyrie
http://en.wikipedia.org/wiki/Operation_Valkyrieimage.cfm?image_id=1936&language=english

Wed, 04/14/2010 - 17:01 | 300749 SteveNYC
SteveNYC's picture

Poor bastards have been annihilated.

Wed, 04/14/2010 - 17:03 | 300754 john_connor
john_connor's picture

I haven't done any short term trading in a while; just currently accumulating Dec 2012 puts for when the aliens arrive or whatever.

Wed, 04/14/2010 - 19:04 | 300959 Village Idiot
Village Idiot's picture

LOL

Wed, 04/14/2010 - 19:29 | 300989 sodbuster
sodbuster's picture

>for when the aliens arrive or whatever.<

Shit- the market would rally- whole new set of sheeple to screw!

 

Wed, 04/14/2010 - 17:14 | 300756 wgpitts
wgpitts's picture

Investors have lost billions of dollars taking short positions on financials while the SEC  allowed the private central banks to manipulate the banks financial positions without disclosing to investors. Only the bank insiders knew. They made a killing. This is fraud.

How can the central banks secretly provide hundreds of billions of dollars to banks and not disclose this information to investors? Isn’t this market manipulation? Where is the SEC? All those with put options or short sales were defrauded. I am one of those persons!

Fed Releases Details on Bear Stearns, AIG Portfolios
http://www.bloomberg.com/apps/news?pid=20601087&sid=aymTlczlMmpA&pos=1

Fed in hot water over secret bailouts
http://www.csmonitor.com/Money/Robert-Reich-s-Blog/2010/0401/Fed-in-hot-water-over-secret-bailouts

The Fed Admits To Breaking The Law
http://networkedblogs.com/21Xqv

Geithner: Pickpocketing Trillions from the People to Give to the Oligarchy Was "Deeply Unfair", But We ... Um ... Had To
http://www.washingtonsblog.com/2010/04/geithner-looting-country-for-trillions.html

Why Is The Fed Actively Managing A $25 Billion Maiden Lane MBS Portfolio When Its $2.4 Trillion SOMA Holdings Have A $1 Billion DV01? (And Are Unhedged)
http://www.zerohedge.com/article/why-fed-actively-managing-25-billion-maiden-lane-mbs-portfolio-when-its-24-trillion-soma-hol

April 9 (Bloomberg) -- U.S. banks masked their true risk levels by temporarily lowering debt before reporting it, the Wall Street Journal said, citing data provided by the Federal Reserve Bank of New York.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXNVR4sYxMKU&pos=6

4/9/10 Major U.S. banks masked risk levels: report
http://www.reuters.com/article/newsOne/idUSTRE63813R20100409

 

Wed, 04/14/2010 - 17:05 | 300759 wgpitts
wgpitts's picture

Barnanke admits they gave $1/2 Trillion dollars to foreign banks...then the foreign banks did this...the fed subornated fraud in the financial markets through the ECB and with direct undisclosed purchases...everyone who purchased put options or shorted the banks was defrauded

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."
http://www.youtube.com/watch?v=n0NYBTkE1yQ&feature=player_embedded

BoE Secretly Loaned $102.9 Billion to RBS
http://www.cnbc.com/id/34126826

Bank of England tells of secret £62bn loan to save RBS and HBOS
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6646923/Bank-of-England-tells-of-secret-62bn-loan-to-save-RBS-and-HBOS.html

Bank of England advisers not told about secret £62bn loan to HBOS
http://www.guardian.co.uk/business/2009/dec/03/bank-england-secret-loan-hbos

Bank gave RBS and HBOS 'secret' £62bn loan
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6929451.ece
Fed Refuses to Disclose Recipients of $2 Trillion
http://www.bloomberg.com/apps/news?pid=20601109&sid=apx7XNLnZZlc

Fed Fights Request To Disclose Who Got $2 Trillion In Bailouts
http://www.istockanalyst.com/article/viewarticle/articleid/3775032

Is Obama manipulating the stock market?
Economist claims president 'jawboning' economy to boost Dow
http://www.wnd.com/index.php?fa=PAGE.view&pageId=92100

VIDEO: Federal Reserve Manipulating Stock Prices?
http://www.chartingstocks.net/2009/09/video-federal-reserve-manipulating-stock-prices/

Does The Government Actually Manipulate The Stock Market?
http://www.businessinsider.com/does-the-government-actually-manipulate-the-stock-market-2010-2

Wed, 04/14/2010 - 18:59 | 300952 Buck Johnson
Buck Johnson's picture

This is going to be bad, truly bad for us all.

Wed, 04/14/2010 - 19:00 | 300953 lbrecken
Wed, 04/14/2010 - 19:06 | 300964 Kina
Kina's picture

You will never win a poker game when the banker has put a mirror behind every player and has a couple of spare decks under the table and access to an infinite supply of fake money, plus immunity from criminal prosecution or even regulation.

There was a story in the Chinese news where a developer had a granmother protecting her home beat up and then burried alive by a tractor, whilst the two policemen there just watched. (The son quickly dug up his mother but she was dead.)

Kinda what has happened to the US. The regulators and 'police' just standing around watching the crimes go down.... you can dig up your dead later.

 

 

Wed, 04/14/2010 - 21:38 | 301231 wgpitts
wgpitts's picture

Great analogy - reworked and posted on my fb page - thanks

There was a story in the Chinese news where a developer had a grandmother protecting her home beat up and burried alive while two policemen there just watched. (The son quickly dug up his mother but she was dead) That's what has happened to the U.S. The regulators (SEC) and police (FBI) just standing around watching the crimes by the Federal Reserve and the Big Banks go down with immunity from criminal prosecution20
Wed, 04/14/2010 - 21:36 | 301228 Spitzer
Spitzer's picture

Is mark to myth  a perminant deal ?

Wed, 04/14/2010 - 23:33 | 301371 Kina
Kina's picture

Future banking on the new rules.

How much you buying that home for?

$200k

How much you need to borrow?

$220k

 

OK I reckon the place is worth $240k

Need anymore money?

 

Yes, $40k for a new car.

 

OK home is worth about $290k

Done Deal

 

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