NYSE Short Interest Drops To Two Month Low As Weak Hands Have Been Squeezed Out

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Tue, 10/25/2011 - 16:57 | 1809955 Irish66
Irish66's picture

Yesterday told the story 1255

Tue, 10/25/2011 - 17:01 | 1809982 LongSoupLine
LongSoupLine's picture

cue trap-door floor.

Tue, 10/25/2011 - 17:08 | 1810009 Irish66
Irish66's picture

1205
Then up 3-5 times
Open trap drop 40-53 percentage

Tue, 10/25/2011 - 17:23 | 1810047 knukles
knukles's picture

You were forewarned as 5+5+2+1=13

Tue, 10/25/2011 - 17:28 | 1810065 johngaltfla
johngaltfla's picture

1260, but who cares. They wanted to crush the shorts they won.

But now, just like 2008, how do they find anyone to cover THEIR crappy bets?

Shopping list:

Popcorn

Beer

Silver

Ben Bernank dartboards

BAC physical stock certificates for wallpaper.

Tue, 10/25/2011 - 17:45 | 1810114 Mesquite
Mesquite's picture

Too funny...

Tue, 10/25/2011 - 19:18 | 1810382 homersimpson
homersimpson's picture

"They wanted to crush the shorts they won." They won the battle.. but the war is far from over. 1260? Pfft. Sub 700s was only a couple years ago..

Can't wait for FAZ to be in the 4 figure range again..

Tue, 10/25/2011 - 19:54 | 1810469 tmosley
tmosley's picture

Never happen.  The decay is too rapid.  ANyone holding FAZ overnight, much less over long time periods, is destined to lose everything.  It is for traders, and traders only.

Tue, 10/25/2011 - 20:17 | 1810514 obejoyful
obejoyful's picture

I do agree to a certain extent, but when the banks start going to zero FAZ theoretically could go to infinity if all the banks for bk (x/0).  That wont happen but the several of the large components will go to zeo and that kill the denominator in the equation.  I bought in the 40's this summer and sold 60 to 80 and got all out. Now I am getting back in and may sell again at 80 but will keep some for the possbile black swan event or large bank collapse. 

Tue, 10/25/2011 - 20:46 | 1810576 johngaltfla
johngaltfla's picture

If you jumped on FAZ in late March, early April and sold in August at S&P sub 1120, you did pretty danged well....I'm just sayin'.

It's got one more good move left in it then, IMHO, the great "holding company" er, ETF crash/fraud will begin.

Tue, 10/25/2011 - 17:33 | 1810083 Panafrican Funk...
Panafrican Funktron Robot's picture

Meanwhile, our long national nightmare below $1700/oz in gold is finally over.  A whole 33 days!  Impressive bear run.  To think, only yesterday I was staring at a mere 15% YTD gain.  The pain of this was truly excrutiating.  Here's hoping for a consolation prize for you momo-monkeys, perhaps you crack/hold positive territory at SPX 1250+ by EOY.  Hey, consumer confidence is a full 2 points above the January 2009 number, bullish!

Wed, 10/26/2011 - 05:51 | 1811459 GeneMarchbanks
GeneMarchbanks's picture

Get ready for part deux after we hit the resistance at 1720, it'll be another sub 1700 couple of days/weeks.

Tue, 10/25/2011 - 16:57 | 1809957 destiny
destiny's picture

Off the record...don't know where to post this....


Did you know feds will temporarily cut off all TV and radio broadcasts on Nov 9?

 

http://www.dailypaul.com/184248/did-you-know-feds-will-temporarily-cut-off-all-tv-and-radio-broadcasts-on-nov-9

 

Don t know what to make of this. ? anyone ?

Tue, 10/25/2011 - 17:00 | 1809975 mayhem_korner
mayhem_korner's picture

 

 

Just how off the record u think u r?

We only have up and down arrows, why don't we have "ignore" for the fishing trolls...?

Tue, 10/25/2011 - 18:45 | 1810280 NotApplicable
NotApplicable's picture

I think he meant off-topic. Lighten up, already.

There are plenty of trolls around without imagining them.

Tue, 10/25/2011 - 18:47 | 1810287 destiny
destiny's picture

Yes I meant off topic...sorry, it's late on this side of the planet..pardon my French.

Tue, 10/25/2011 - 19:14 | 1810372 mayhem_korner
mayhem_korner's picture

 

 

Regrets.  I'm a little fiesty today for reasons that are "off topic".  :)

Tue, 10/25/2011 - 19:25 | 1810396 destiny
destiny's picture

No pb Mayhem...I'll teach you some acadian someday...

Tue, 10/25/2011 - 17:02 | 1809984 mynhair
mynhair's picture

NH must have decided on a primary date.

Tue, 10/25/2011 - 17:08 | 1810008 JW n FL
JW n FL's picture

 

 

Did you know feds will temporarily cut off all TV and radio broadcasts on Nov 9?

 

http://www.dailypaul.com/184248/did-you-know-feds-will-temporarily-cut-off-all-tv-and-radio-broadcasts-on-nov-9

 

Thank YOU!! for Sharing!! YOU! ROCK!!

this is just a dry run for communication control.. You will see what they want you to see when they want you to see it! But dont worry this is for the Top 1% of the 1%'s safety.. You sheep just need to learn your place.

You dont have the Right to protest peacefully.

You dont have the right to free speech.

You do have the right to be kicked while you are down by the scumbag Corporations on Wall Street.

Tue, 10/25/2011 - 17:32 | 1810080 knukles
knukles's picture

One of my good buddies is in the EMT biz.... serious at high public level.  When I asked him, he was all non-plused saying that this kind of thing is done at least once a year.  And I mentioned to him that I didn't recollect countrywide.  He responded that this "time is different", it'll be national, usually done at county level, more broad based, all levels of fire, police, EMT, and dum dah dum dum dummmm das militar will be involved.  So when I asked about whether it was different  he just looked at me like I'm nutziod.  But then again, he's a believer in the old wives tales about candy land, unicorns shitting rainbow colored mint Skittles, all is good for eveyone concerned.
But yes, it's gonna be a Biggie!  Reaching into every facet of public service.  Wonder what the boys at "norteconn" gonna be doin'....
No it ain't business as normal.  Ever note how it just grows and expands a little year by year until it can expand no more as its subsumed every goddamned living thing on the planet?
Yes?  Good for you.
No?  Take some more red pills, watch Dancing with the Retards re-runs and get a fucking life.

Tue, 10/25/2011 - 17:36 | 1810091 mynhair
mynhair's picture

Hmmmmmm, thought you were an ex-pat......

Tue, 10/25/2011 - 18:02 | 1810153 optimator
optimator's picture

Does the drill have a name, like Valkyrie?

Tue, 10/25/2011 - 18:27 | 1810225 Pegasus Muse
Pegasus Muse's picture

 Götterdämmerung

Tue, 10/25/2011 - 18:07 | 1810166 CrazyCooter
CrazyCooter's picture

I guess I will go hiking that day. :-)

On that note, folks might want to start procuring a list of IPs for sites they consider "essential". For example, I can visit ZH at this URL:

http://178.209.48.14

A domain name (in the DNS) is to a persons name (in the phone book) as an IP is to a phone number. So just make sure to have the numbers handy and you might be able to be cool on the 9th.

To look up an IP for a domain name in Windows ... Start -> Run -> cmd -> <ENTER> ... then just type "nslookup www.zerohedge.com" and you should see the IP above. Lots of ways to get the IP, that is just one.

I say this because I really doubt they will take down the entire internet, but it would be easy to take most DNS services offline.

If the TD is lurking, might want to have a switch you can toss so we can roll with IPs instead of the domain name (it seems to redirect via a HTTP handler - not sure how that would play out if DNS was toast). Might also be worth doing a post on how to stay plugged in if DNS goes out.

Just talking out my ass, I have no idea what they are really going to do ...

Regards,

Cooter

Tue, 10/25/2011 - 17:09 | 1810013 css1971
css1971's picture

Practice for imposition of martial law.

hth.

Tue, 10/25/2011 - 17:18 | 1810036 JW n FL
JW n FL's picture

 

 

come and take them!

there are soooooooooooooooooooooooooo many people that are just waiting for something like that to happen.

and lucky for those people tptb want them thinned out..

so, really it is a win, win.

maybe if the top 1% of the 1% is lucky it can get the tea party killing the occupywallstreet people.. and vice a versa! have two groups of poor people blaming and killing each other!

You cant fix stupid!

Tue, 10/25/2011 - 18:37 | 1810253 LawsofPhysics
LawsofPhysics's picture

Ready, along with many neighbors. Nothing new. Chance always favors the prepared.

Tue, 10/25/2011 - 18:05 | 1810161 D-Man
D-Man's picture

There is also a pacific wide Tsunami exercise at that same time as the national emergency broadcast system test. Concidentially, or not, there is an asteroid supposed to make a fairly close pass by earth on Nov 8th.

Exercise Pacific Wave 11 will be held on 9 and 10 November 2011, and will involve multiple scenarios, played out in real time, to allow all Pacific countries to select and exercise a regional/local source tsunami event. Countries are recommended to choose only one scenario to exercise. However, countries may exercise more than one scenario simultaneously, if they wish. The exercise scenarios include major tsunamis generated by great earthquakes in the following areas:

• Kamchatka (Kuril–Kamchatka Trench)
• Ryukyu Islands (Nansei–Shoto Trench)
• Philippines–South China Sea (Manila Trench)
• Philippines–Pacific Ocean (Philippines Trench)
• Vanuatu (New Hebrides Trench)
• Tonga (Tonga Trench)
• Northern Chile (Peru–Chile Trench)
• Ecuador (Colombia–Ecuador Trench)
• Central America (Middle America Trench)
• Aleutian Islands (Aleutian Trench)

http://www.ioc-cd.org/index.php?option=com_oe&task=viewEventRecord&event...

Tue, 10/25/2011 - 18:16 | 1810196 Gene8696
Gene8696's picture

Guess I'll need to go dust off the old HAM radio in the fallout shelter.

Tue, 10/25/2011 - 20:23 | 1810522 Gohn Galt
Gohn Galt's picture

The US is doing a national emergency drill using Federal, State and Local Agencies.  I plan to be in an undisclosed secure underground facility.

I think it will be like the worldwide coordinated DEFCON 1 drill where the Denver area was under martial law last month.  We have been getting hit with a lot solar storms taking down satellites and effecting gravity etc...  The last one major storm was on the 24th.  If you have increased allergies or migranes the storm would explain it.

Tue, 10/25/2011 - 20:48 | 1810578 geminiRX
geminiRX's picture

I will be on a secure bar stool in an undisclosed brewery coordinating tilting a glass from a half full approach. Not even certain why you would want to survive a defcon 1 event. You really think you have any control over life.....think again

Tue, 10/25/2011 - 17:01 | 1809959 TruthInSunshine
TruthInSunshine's picture

BRICs are going to bail out the world.

CNBS said so.

And if the BRICs fail to deliver (as Chinese manufacturing and real estate tycoons go on the lam and central planners only begin to tally the regional bad bank loans on a provincial basis), Myanmar, Haiti, Papua New Guinea and North Korea are exploring the formation of a SIV to recapitalize Europe, rescue the global banking system as well as sovereigns, and save the global economy.

Tue, 10/25/2011 - 17:11 | 1810021 Cassandra Syndrome
Cassandra Syndrome's picture

Even if that fails, there is always Rigel 7.

Tue, 10/25/2011 - 17:25 | 1810048 TruthInSunshine
TruthInSunshine's picture

Wasn't there a Kank or a Kodos involved in the EFSF/EU feeble attempt at preventing an implosion?

Bang Dae-Ho can not be blamed for what we are about to experience, and I'll vouch for his innocence.

Tue, 10/25/2011 - 17:33 | 1810082 knukles
knukles's picture

Isn't that the hooch that comes in the square bottle?

Tue, 10/25/2011 - 17:24 | 1810052 gangland
gangland's picture

 

I'm tapped out Marv. American Express' got a hit man lookin' for me

Tue, 10/25/2011 - 17:45 | 1810113 euclidean
euclidean's picture

ETF, can you format that in single spaced TimesRoman and slap a letter head on it with some unrelated roman figurine. That's analyst material right there and must not be wasted on the mortals of ZH universe.

The force is strong in you, a career as Citi Chief Strategist awaits.

Tue, 10/25/2011 - 20:23 | 1810528 chinaguy
chinaguy's picture

I have a jet plane full of  fine Chinese friends (really good folk) who are waiting to dump money into US Real estate if the " Buy $500K of US RE & get a visa" law is passed.

I suspect that many the of Chinese folks who would take advantage of this law are not so nice...but really, The majority of the Chinese are gentle, nice, educated,,,,and fucking sick and tired of the Shit that is the Party these days.

net, net, letting in these folks who have worked through the system and made boodle would be a GOOD thing for the US.

folks who have been reading my posts since the beginning know I am fairly cynical towards China.

Trolls, Fuck Off.

Wed, 10/26/2011 - 00:39 | 1811287 sellstop
sellstop's picture

Yes, and the banks could get a lift, and housing could remain expensive. Why does housing need to remain expensive. It is just HOUSING. It is roof over your head and a place to stay warm in the winter. Why does everybody want it to cost a lot of money? Why!!!!?
I will tell you why. Because many people have their hopes set on selling their home for money to live on in old age. The same reason that they all hope for the stock market to go up. And for that reason we all vote for more bailouts. Of the stock market by Greenspoon and Bernank. And Freddie and Fannie. And now Sallie. Cause who doesn't owe money on their education.... We are a nation of the needy who want someone else to pay the bill. We all vote for the politician who promises as we deride the govt. they give us.
gh

Tue, 10/25/2011 - 17:12 | 1809960 raki_d
raki_d's picture

only God or its 'working' Proxy: GS would know whether if they were lucky or weak hands that got squeezed out

Tue, 10/25/2011 - 16:58 | 1809964 mayhem_korner
mayhem_korner's picture

 

 

Radar:  Choppers, incoming!

Hawkeye:  We're plum out of needles.

Winchester:  Yes, but we're long body bags.

Tue, 10/25/2011 - 16:59 | 1809967 Belarus
Belarus's picture

And perhaps ironically, the short interest is just slightly lower than it was in 12/08. We all remember all too fondly what happened between then and the March 9, 09 lows. Is the fun about to start? 

Tue, 10/25/2011 - 17:16 | 1810030 LongBalls
LongBalls's picture

I would not bet on it anymore. Everytime things look flat or on the verge of deflationary the FED and system kick in more QE. The markets will continue to rise. This is not real wealth generation (for average Americans) but merely a reflection of inflationary actions by the money changers. Commodities will soar once again and the CME will crush them back down. But alas....The CME is running out of margin bullets. Eventually commodities will reflect the true state of the M2 supply.

Or the EU crashes and takes the whole system down. 

There....can I get a clueless letter writing job too?

Tue, 10/25/2011 - 17:22 | 1810046 topcallingtroll
topcallingtroll's picture

You are right.

It is not wealth generating it is wealth shifting.

Your goal is to make sure some of that shifts your way.

Tue, 10/25/2011 - 17:27 | 1810062 TruthInSunshine
TruthInSunshine's picture

 

 

The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers.

Tue, 10/25/2011 - 17:35 | 1810086 LongBalls
LongBalls's picture

Truth - You sir, speak the TRUTH! I, with all honesty and conviction salute you!

Rock on............

Tue, 10/25/2011 - 18:09 | 1810164 topcallingtroll
topcallingtroll's picture

I grudgingly agree.

But what am I supposed to do to protect my family and ensure they have the money to improve their opportunities?

Tue, 10/25/2011 - 18:12 | 1810181 sabra1
sabra1's picture

you report immediately, any kids that are operating lemonade stands!

Do NOT follow this link or you will be banned from the site!