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NYSE Short Interest Surges To Record, Pre-Lehman Level
There are two ways of looking at the NYSE short interest, which as of September 15 surged by 1.4 billion to 18.4 billion shares or just shy of the level hit on July 31, 2008:
- Either a central bank intervenes, or a massive forced buy-in event occurs, and unleashes the mother of all short squeezes, sending the S&P500 to new all time highs, or
- Just as the record short interest in July 2008 correctly predicted the biggest financial crisis in history and all those shorts covered at a huge profit, so another historic market collapse is just around the corner.
The correct answer will be revealed in the coming weeks or months.
Source: NYSE
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Shorting relies on some rational examination of the stock/company. Logic is dead on Wall Street.
I predict the short squeeze to the moon!
" I predict the short squeeze to the moon!"
Agreed. The stock market is all the Fed has left to maintain any sense of credibility among the typical middle- and upper-middle class sheep. If there is a major crash and another bailout, even the average Joe Sixpack may start picking up pitch forks.
Averge Joe can't afford a pitch fork right now. Feds can buy time with their scam polices, but creating too many malinvestoments which could crack any movement. The lipsticks can stay on the pig for so long, eventually when it rains, they left with just a pig without lipstick!
It always comes down to a 50 50 bet, up or down.
You're betting against the house. Sometimes, the house changes the rules. Rember when the SEC banned short selling of financial stocks in 2008 and 2011?
It's a 50/50 bet up or down just as long as the banks, SEC and the Fed decide that that's what the odds should be for the little people. When they decide otherwise, you can be sure it won't be in your favor, it will be in their or their cronies favor. You and I aren't in that club.
'THEY' need out of the Public/.Gov underfunded pension dilemma.
No Moar 7.75 to 8.00% contractual returns.
There is no other option but to take the markets down.
this guy is rediculosuly accurate with his market calls, and said to watch the high yeild charts at the moment => http://www.bit.ly/1jLMmPk
What we do have to remember is that every time these charts get posted on zerohedge, as in the SHORT INTEREST ones, we rally really hard two weeks later.
Janet yellen, is smelling and reaking of 3 day old booze people. So the games will continue. When QE4 and QE5 comes, then what will people say?? That will be funny.
"When QE4 and QE5 comes, then what will people say??" Yep
Looks like that chart could get peakier
Yes, peakier, and about 2more years of short building.
Though I am short, I think you're probably right. I remember when it took a lot more than PPT on some days to rout out the shorts. Back in the early 2000's short squeezes were quickly snuffed by a surge in still more selling. How strong are longs at 20 times earnings in a stagnating economy? But you're right, it seems that as soon as there is a strong buy, the shorts (instead of adding to their positions like they used to), on the first site of a reversal - even with pissy volume, cover immediately almost ensuring weak longs stay long. I don't know. Its what it feels like to me. I just remember that back in those days, it was hard to get the market to come to the ask. Shit, now it runs right through your ask you thought you'd never get.
While I remain beta neutral, (not wanting to sell for capital gains reasons) I've been putting in bids for some biotechs and energy stocks at stupid levels I never expected to be hit. In the past few days, a couple of them actually got hit. CNX is a good example. Details aside, this is a market you short at your own peril.
I think we can blame the buy the dip QE attitude for that. Sooner or later that strategy will stop working, but habits die hard, esp when they are making people lots of money!
The TPP is what they are using to usher in a new currency for the "trading block" that will all go digital and ban cash. I'm surprised ZH isn't talking more about that.
May I have some moar sir?
https://www.youtube.com/watch?v=sZrgxHvNNUc
The real market forces will prevail! S&P will drop 50% + from there.
They'll say Yellen failed to act quickly enough, but really how could she have known?
The pundits/geniuses have been covering their asses lately. Look at the Bernanke.
Thin ice now.
Yellen the fall guy??
We've been screaming for an honest market. Maybe it's time someone did nothing.
What was that old Blue Grass / Country tune? I heard the crash on the highway, but I didn't hear nobody pray.
Fall guy? That used to mean something completely different. I think she has been granted wishes by TPTB if she eats all this. Same with Barry Soetoro. I think the US government has known this would happen for decades and has fabricated the important parts so that it will appear as if America "just fell apart". Better yet, they weren't responsible for the inevitable war.
I would play a shitload of golf too, if I knew my days were numbered. Just sayin'. We all go sometime, why not maximize the payout?
agree.
except - not the 'US government.' rather the inbred, psychopathic families that own the central banks and *occupy* the US government with agents and controlled stooges. they have used their invented currency to acquire and control any asset that matters, including people. this has been a very long time coming. trillionaires don't have 5 year plans.
this is why i am skeptical regarding BRICS and the glittering AIIB, SWIFT alternative, Chinese gold hoard etc....
TBTB have no intention of becoming The Powers That Were and despite tales of elite Chinese families going to bat against the western CB owners - i gotta believe they are all operating from the same playbook.
unfortunately, i believe this road ends with the people BEGGING for whatever replacement system they offer.
what happens in between now and then? use your imagination. i am certain they have many multiple scenarios on deck and ready to deploy.
Golf is on the bucket list?
Shoot me in the head right now if it were so.
Latter (please)
The last couple of days has been a short squeeze!
Oooops, :'-(
Shed a little tear for me.
Off Topic. For five nights running Muslim Migrants has been rioting in Stockholm Sweden, burning cars, a school, and a police station. The riots have now spread to Göteborg and Malmö. Islamists have begun burning cars in all three cities, while 10,000 muslims a week continue to arrive in Sweden demanding apartments, free health care and free money. No, this is not a joke, and the migrants have been moved to the top government priority for spending, getting new flats and houses ready fro migrants in government's main goal facing winter. Migrationsverket says over 10,000 new migrants arrive eachw eek and reginster for regugee status, which entitles them to cash payments, a free apratment, a health number allowing free medical car for life, migrants are given transport cards good on buses, trains, subway and other public transport. Migrants are allowed to move freely to any city they like and travel for free. Upon arrival the local government must feed, house and pay them cash.
This is not a joke, this is happening right now!
I believe you.
I hear the Saudis have one million empty air conditioned tents near Mecca.
Hajj accommodations.
Maybe its time they made a pilgrimage. I'm sure their fellow muslim brothers will welcome them with open arms.
I'm aligning with the Korean community here.
(they shoot first and don't ask questions)
Where do I sign up
Guess they are trying to ignite something. Wonder what?
Guess they are trying to ignite something. Wonder what?
how did the zionists get jews to move to israel? they made it miserable for them to stay in europe. how do you get a gdp boost from an increase in population? you make it miserable for immigrants to live in their home country.
how do these tens of thousands of refugees make it all the way to sweden without open borders and financial help? the only answer that fits is that it is part of the plan.
The vikings better find their balls soon.
NIMBY-----for now. If this becomes IMBY, this is the wrong neck of the woods to be fuckin' about.
Some folks will be able to get acquainted with their celestial virgins lickety-split.
Although I do not doubt that it is happening, some links would be great.
Links? Can't find any riots since 2013
You could use google. The article is from Daily Mail a UK paper.
http://www.dailymail.co.uk/news/article-2330247/Sweden-flames-As-gangs-migrants-riot-nights-running--Utopian-boats-multicultural-success-story-turn-ashes.html#ixzz3nnZMnATH
Your link is from 2013, The comments are two years old. How can it be happening right now if the comments from the story are two years old? A simple google search will confirm that.
wait till the swede gubmint starts throwing swedes out of their homes to make room for the preferred migrant class
http://www.dailymail.co.uk/news/article-3256156/German-woman-second-evic...
http://www.telegraph.co.uk/news/worldnews/europe/germany/11902296/Second...
Jack, a real let down with your bogus off topic story. The link you provided is two years old May 2013.
The Fed's plunge protection team will crush the short sellers. What's to stop the Fed from printing a few billion dollars and handing it to their "primary dealers" to buy stocks with?
When you are unaudited and have a money making machine there is a lot of manipulating you can do.
Audit the Fed !!!!
It all depends on who's doing the shorting.
If this is Goldman Sachs and JP Morgan getting in front of an inevitable crash in a risibly overvalued stock market then the Fed, being literally owned by those same outfits, isn't going to stop anything.
^^^^^^^^^^^^^^^^^^^^^^
THIS!
Goldman deliberately took down Lehman in 2008. It made Hank Poulson and Blankfein billionaires. It was a deliberate assasination and they targeted our tax dollars.
Worked before and they WILL do it again.
(...psssst, rates were rising aggressively from 2004 to 2006)
Mother of all sqeezes coming?
Perhaps. You will be informed subsequently.
unleash the muppet slayer!!
could be DOW 5k next week or DOW 20k. wouldn't be surprised either way.
waiting for this thing to begin is becoming tedious. like waiting for Crispin Glover to lose his arm.
THIS IS IT!! ..... oh no.. BOJ saved the day. nothing happened.
let the snow plow roll
does the fed or proxies own most of those puts so they can have their way with the market? with a super short squeeze?
Iron Ore prices are higher so the Ponzi must continue.
* Waiting for the Gartman/ Stolper Jr. PUT. Ha/
Just kidding, Until every assclown algo in the galaxy has read the Fed Minutes Thursday, the "rampathon shall continue". [albeit, at a slower pace.]
So anyways I'm looking at CHIBOR, and getting nothing and liking it.
Dow 30K dollar 0 Fed has no cred. Netiher does Mark Mywords
All on Red?
All on Black?
"Red - the blood of angry men!
Black - the dark of ages past!
Red - a world about to dawn!
Black - the night that ends at last!"
-Kretzmer
...derrr, how about Gold?
"30-1 on double sixes! C'mon baby!"
It will happen sooner or later, but a little FEDspeak or QE4 could seriously burn a lot of betters.
I'm betting the massive short squeeze, then the vanishing act.
Hurricane Joaquin was supposed to be the hurricane that hit the East Coast of the US but apparently the US DOD lost control of it before it spun off to the Atlantic Ocean.
Just like the flap of butterfly wings can affect the weather in Tokyo, the Yellen farts last speech interrupted and redirected the hurricane.
most of those shorts are probably over levered (and nervous) longs. there are no bulls or bears, there is only old yeller.
gold cld b yello
How can anyone short a market that is 100% controlled by the banks?
The curve is not so steep as 2008. More balanced this time. Looks more a short squeez coming. Buy biotech index call options and let them go sky high
Be afraid, Very, Very, AFRAID.
haven't we just seen a monster short squeeze?
and what is the long open interest
Week 5 October SPY 170 puts ... wait for it ... wait ... for it ...
Bid .12 ask .14
These or a nearby strike for eight cents would be nice.
To the shorts: to squeeze the market, it doesn't matter how the market is doing.
They only have to delay the crash for 3 to 4 weeks and we'll get a new top on the squeeze.
Also, remember who's shorting and who's not!!!
Retail is shorting because of getting rich real fast. It never goes like this and the crowd will be wrong here.
Also, the economy might be not good but it's not as bad as 2007 and well, Pe's don't matter anymore.
And why do Pe's don't matter?
We're on the verge of a inflation boom, when it happens, all the shares will be dirt cheap and pe's will drop like a rock when prices go up.
Deflation isn't forever.
"inflation boom"... that was interesting. :)
I agree with previous posts, the FED has too much invested to let this thing fail- in retrospect we'll find out some 'new' fangled Liquidity scheme is responsible for this move up from the bottom.
Just like in 2000 and 2007, people will be calling bottoms all the way down past the Lucifer lows.
It's because denial is an important part of human nature. Without it, we human beings would be unable to muster the optimism to function at all in the face of our inevitable, meaningless and always-impending deaths, much less to build civilizations.
The price we pay for our denial is surprise. Surprised when the airbag smashes out our teeth. Surprised when the overlooked figure turns and stabs us with a knife. Surprised at the terminal cancer diagnosis. Surprised at being suddenly destititute.
Surprised, that is, by what have been the common, run-of the-mill human experiences from time immemorial.