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Market Surges On Biggest Short Squeeze In 15 Months
"Most Shorted" stocks are now comfortably green on the year after the last 4 days have seen the biggest short squeeze in 15 months. Today alone, "most shorted" stocks are up 1.8%. Welcome to the new normal dash for trash on hopes that Greece is "fixed", Q€ "works", and despite dismal US macro data, it will be the economic engine of the world...
Quite a day so far...
Leading to the biggest 4-day squeeze in 15 months...
Charts: bloomberg
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dash for trash? or just one final squeeze before this entire ponzi comes crashing down?
More proof the efficient market theory is spot on /sarc
Too effing funny. I am removing targets higher on my charts one at a time. Like clock work. Or maybe I should say Clockwork Orange. (Google if you not sure)
Incredible! I now live in "Opposite World!" Where black is white, good is bad, and ruinous means successful...
So unbelievably, Incredibly sad....
My thoughts exactly. What was allowed to be done to the financial system is a disgrace and mind bender.
It is becoming increasingly obvious that they are engineering a destruction of the system which served all of well for over a century. The CBs are more than glad to goose equity prices, and even drive down interest rates so to drive savers into equities.
The fact that the shit is happening boggles the mind, but the fact that we serfs are allowing to go on, is even worse.
When word got out that Dubuya was planning on just holding casual talks re. a potential Canada, US, Mahico union, people did nothing but bitch and the deal was off the table. Same for arabs buying interest as silent partners in a port's operations, and as soon as We the Peeps got vocal, the deal was withdrawn. Fast forward ~10 years, and the prevailing attitude is "You don't like it? Then fuck you, and BTW, answer the front door, IRS is calling!!!"
Of course, these are just insignificant examples, compared to immensely more and greatly more important instances, that we happened to know of, the ones we don't perhaps are even more and detrimental to us all.
The "efficient market" has long been replaced by another Ponzi Scheme, except this time, it is being conducted by the very entity which was to ensure it did not happen: The Fed.
Participation in the Bond Market by CBs is one thing, since they are parties to transactions in it, but when they/CBs are allowed to interfere w/equities, so to make the serfs feel wealthier, while aiding and rewarding, the politicians' donors w/increased higher equity prices is a heap o'shit.
In '97 DOJ rejected the Staples/ Office Depot deal (when there were more co's offering same products than today), yet today, the corrupt mofo Holder is blessing the "Union" of the very same players, so to pay back Warren Buffett, holder of "Orrifice Depot"!!!
After the last few months, anybody stupid enough to short in this market deserves what they get.
http://img3.wikia.nocookie.net/__cb20140809202928/muppet/images/1/17/BDM...
One day, the shorts will be broke and the market can go down then.
All us ZH's are here to do the shorting.. we think we are smart knowing the BS but ultimately we are the suckers who keep shorting based on what we read here.. I should have listened to gartman. i'd be happier
And stoopider
Not me, I'm doing some of the squeezing
plus a gadzillion more up votes
I loaded up some ES from the Open. Now LMAO.
And just ran out of contracts after hitting targets. Now I have to sit here and hope for a selloff so I can buy again.
you are not taking my short from my cold dead hands
Oil spasms continue. Oily jerk fest up and down and down. Don't neglect the balls!
I truely hate this shit.
I can't give you more than 1 greenie, so +100
I can't give you more than 1 greenie, so +100
(Truly) Why?
Gartman got a call correct!!!
Lol, we shall see. If this board is representative then sentiment now says it's all up from here. Time to go short.
<-- shit
<-- go blind
don't know!
Neither does the "market".
1 week TLT calls looked pretty cheap
Even as an optimist, this is just not normal... wtf? one week before we almost saw 1900 again by going below the 100dma and for sure would have taken out the 200dma in seconds and now this whole game flips... wth? I mean, I'm fine with that and made some money, but what happens here is just dumb.. i guess if you want to short the market do it with backspread so you don't lose money if they buy it into infinity :D
"Patience."
"Patience."
"Patience....
The big trading houses see all this money on the table and want to take it.
Free money for the big boys.
It just make the smaller guys skittish on going big on the short side. Plus it helps the Federal Reserve keep the Ponzi going.
When oh when are they ever going to squeeze Blackberry? lol
The only way to win is not to play their game.
Why does this all start to remind me of the summer of 2008? When oil was going sky high and the market was rocketing up ... And then it pulled that Wiley coyote routine and crashed.