With NYSE Short Interest At The Lowest Level In Years Following A Record Short Collapse... Who Will Be The Bid?

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Tue, 02/22/2011 - 14:37 | 985968 trav7777
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The Fed will

Tue, 02/22/2011 - 14:40 | 985980 Mr. Anonymous
Mr. Anonymous's picture

+1. Thank you for pointing out the obvious to Tyler.

Tue, 02/22/2011 - 14:43 | 985997 HelluvaEngineer
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I hope they buy the whole damn stinking pile.

Tue, 02/22/2011 - 14:54 | 986034 Mr. Anonymous
Mr. Anonymous's picture

Indeed.  But so far, it would appear someone has not read The Beard's 'No Bad Days' memo.

Tue, 02/22/2011 - 14:59 | 986049 66Sexy
66Sexy's picture

lol check out CNBC hiding the commodities prices

Tue, 02/22/2011 - 15:14 | 986083 HelluvaEngineer
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I liked it better this morning when they decided the best thing to talk about was sports.

Tue, 02/22/2011 - 15:20 | 986093 Cash_is_Trash
Cash_is_Trash's picture

Zee new jerman manajment.

All your crap are belong to us.


Wed, 02/23/2011 - 05:18 | 987894 zhandax
zhandax's picture

Well, more specifically, the Sackster's little greased ES monkeys.  Just add arbitrage and serve....

Tue, 02/22/2011 - 15:15 | 986084 jus_lite_reading
jus_lite_reading's picture


Tue, 02/22/2011 - 16:20 | 986237 bankrupt JPM bu...
bankrupt JPM buy silver's picture

I on the bid for NFLX at $50 ;)



Tue, 02/22/2011 - 14:59 | 986048 treemagnet
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Problem is, not even Ben can take on the market in a large breadth decline.  It'll be like a dam breaking - the dam that used to be able to keep it all together.  Do the math if you don't believe me, its just not possible.  But I agree they'll die tryin'....

Tue, 02/22/2011 - 15:05 | 986064 Confucious 222
Confucious 222's picture

Bennie and the Inkjets must be running on fumes today - Oh POMO me not, on the lone prair-ie

Tue, 02/22/2011 - 15:48 | 986154 NotApplicable
NotApplicable's picture

Problem is, not even Ben can take on the market in a large breadth decline.


Which is why they try to "manage expectations" to keep the job as small as possible on a daily basis. Their only goal is to avoid the stampede for as long as they can, so that they might steal yet another day, with the hope that they can eventually placate the herd, avoiding a stampede altogether.

I'd like to say that this is an impossibility, but after a century of government schooling, the herd may have enough inertia to resist saving itself, instead strengthening its resolve to remain in danger.

Tue, 02/22/2011 - 16:25 | 986246 KickIce
KickIce's picture

Much like a simple wooden fense is successful of keeping in a herd of cattle.

Tue, 02/22/2011 - 18:49 | 986702 unununium
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Much like the mere threat of a FNM/FRE bailout was enough to keep them alive.


Oh wait...

Tue, 02/22/2011 - 17:28 | 986455 Saxxon
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Said another way, the market appears to have been geared to discourage shorts and encourage retail.  The problem is, whatever retail money is still willing, is in; while the shorts have covered massively.  This dynamic can be blamed on the POTUS who showed his hand; and his minions (remember, "stocks are cheap" in March 2009?)

In other words, corruption at the highest level.  Where does that leave an empire?

Tue, 02/22/2011 - 16:13 | 986217 spinone
spinone's picture

What makes you think that if the dam breaks, they'll print the real prices?

Tue, 02/22/2011 - 15:13 | 986059 Pure Evil
Pure Evil's picture

It's Bennie and the Jets.

Tue, 02/22/2011 - 14:45 | 986007 unwashedmass
unwashedmass's picture


um...Bennie Boy. that's who's going to hold the steaming pile of crap instead of retail who have declined the honor of giving the major banks what remains of their savings.

of course, Bennie Boy is going to offload this on the taxpayers (you don't think handlers are going to take the loss? how naive)...

so, the taxpayers. that's who.

Tue, 02/22/2011 - 15:05 | 986066 plocequ1
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Oh the horror, the horror.

Tue, 02/22/2011 - 14:49 | 986022 Sancho Ponzi
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It looks like Bennie and the PPT are dumping dollars, but this time it's not working. 

Tue, 02/22/2011 - 15:02 | 986057 Rogerwilco
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Buying is not part of the Fed's exit strategy.

Tue, 02/22/2011 - 15:31 | 986117 tomfool
tomfool's picture

Correct, so BTFD

Tue, 02/22/2011 - 15:36 | 986127 buzzsaw99
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Tue, 02/22/2011 - 14:37 | 985973 LawsofPhysics
LawsofPhysics's picture

Wait what, I was short this morning, seemed like a quick no-brainer.  Tomorrow is another day.

Tue, 02/22/2011 - 14:38 | 985977 Cleanclog
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OT - Mubarak  suffering and debilitated by pancreatic cancer.  No coma.  Not yet.

Tue, 02/22/2011 - 14:44 | 986004 pragmatic hobo
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I will believe it when he is dead.

Wed, 02/23/2011 - 02:41 | 987784 StychoKiller
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My 6-day bout with pancreatitis (later, the removal of my gall bladder), tells me that it won't be a pleasant death!

Tue, 02/22/2011 - 14:38 | 985979 shushup
shushup's picture

I thought that the 8 billion a day in fed/PD money was also biding up the market.

Tue, 02/22/2011 - 14:40 | 985984 Seasmoke
Seasmoke's picture

this is a much bigger side effect than most realize

Tue, 02/22/2011 - 15:11 | 985989 buzzsaw99
buzzsaw99's picture

who will be the natural short covering bid when stocks are in freefall?


Don't play dumb. You know very well from whom (and where) the bid will come.

Tue, 02/22/2011 - 14:42 | 985992 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Could momo be reversing?  

Tue, 02/22/2011 - 14:45 | 986003 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Fat chance. Buy the dip dummies!

Tue, 02/22/2011 - 14:43 | 985993 HelluvaEngineer
HelluvaEngineer's picture

And the follow-up question: who f*cking cares?

Tue, 02/22/2011 - 16:58 | 986352 MachoMan
MachoMan's picture

The sleepwalkers...  they only rise from their slumbers when their 401k balances decrease significantly...

Tue, 02/22/2011 - 14:42 | 985995 Lord Peter Pipsqueak
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Q"who will be the natural short covering bid when stocks are in freefall?"

A. The same buyer on the way up - Benny and Brian.

Tue, 02/22/2011 - 14:43 | 985998 kentfinance
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Benny B

Tue, 02/22/2011 - 14:44 | 986001 Oh regional Indian
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How about looking at company buy-backs and fund holdings for hints.

Lot's of free money available through various SHAFT and other relief progroms.



Tue, 02/22/2011 - 14:47 | 986018 homersimpson
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This link has little to do with what zerohedge covers.. save your bandwidth and ditch the link.

Tue, 02/22/2011 - 14:53 | 986033 Oh regional Indian
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Homer, I've been doing that for 40 weeks straight. I'm sure most people have figured out whether they like it or not with one visit. 

Relevance is contextual.



Tue, 02/22/2011 - 15:25 | 986106 breezer1
breezer1's picture

'contextual', tried it once at one of those adult clubs in montreal. it was alright.

Tue, 02/22/2011 - 15:05 | 986069 Oh regional Indian
Oh regional Indian's picture

Not so fast Junkers. Here are some links...do the math..





sure you can find many more.

Many Dow stocks in there.

Makes sense doesn't it? free money to buy your own crap back onto your books.

Payback. Can't you see it?


Tue, 02/22/2011 - 14:44 | 986002 ghostfaceinvestah
ghostfaceinvestah's picture

Sure as fuck won't be Whitney Tilson buying back the NFLX shares he shorted, since he covered at the top.

Tue, 02/22/2011 - 18:52 | 986711 unununium
unununium's picture


Tue, 02/22/2011 - 14:45 | 986005 Bansters-in-my-...
Bansters-in-my- feces's picture

Guess one,must be the same as two and three.

Tue, 02/22/2011 - 14:46 | 986012 PAPA ROACH
PAPA ROACH's picture

Let's see, ummmmm The FED?

Do or die trying, pump up all equity holdings as the massive boomers need plump 401K's and IRA's to meet needs, in fact if the accounts get high enough, maybe these guys will start retirement sooner to free up their legacy jobs thus creating employee demand.

So I can make more money.........so I can buy more coke............so I can work longer...............so I can make more money.........

Bernanke=Pablo Escobar!!

Tue, 02/22/2011 - 14:58 | 986045 Milestones
Milestones's picture

HaHaHaHaHa!! Good ole Pablo> Love it.   Milestones

Tue, 02/22/2011 - 14:46 | 986015 99er
99er's picture


Prices falling out of a Rising Wedge.


Tue, 02/22/2011 - 14:48 | 986020 Captain Kink
Captain Kink's picture

Let's not discount the HFT robots, they will be bid and ask, as usual.

Tue, 02/22/2011 - 14:57 | 986023 ThirdCoastSurfer
ThirdCoastSurfer's picture

Longs make money, shorts make money, Piigs (& dics) get slaughtered. 

Can't we all just get along without everyone going long?  

The real danger of shorts is JPM's ability to pile on with unlimited funds and force a market down so they can turn around and buy and keep the streak of days without a trading loss alive. 

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