This Is The Greatest Short-Squeeze In History

Update: And it got even more squeezy today...

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A quick glance at the stock market - particularly big-tech - and once can quickly discern that "something's up." Every dip is met by a wall of buying, ramping the market ever higher, and ever more ignorant of the increasingly uncertain world around it.

Why? Simple... it's a massive, unprecedented short-squeeze...

The "most shorted" stocks in America are up 20% in the last two months, almost incessantly.

While the chart above is ridiculous enough, it turns out that this is actually accelerating and is now the great short-squeeze in the history of the data...

The 'Relative Strength Index' of the "most shorted" stocks has never been higher and each time it has reached this level, stocks have fallen hard.

But as a reminder - amid all of this - The Dow is down for the 7th day in a row, its longest losing streak in 18 months.

Comments

pods NVTRIC Wed, 06/20/2018 - 17:26 Permalink

And this is nowhere near the greatest short squeeze in history:

One night I had these two chicks who were ready for the "tricycle" but I got too excited.......

That was the greatest "short squeeze" in history.

Okay, I may have made that up, but that term just makes me giggle like I'm 12 in health class.

pods

In reply to by NVTRIC

philipat Last of the Mi… Wed, 06/20/2018 - 19:25 Permalink

Why not, especially when you are on the inside (ESF etc.), the "Fed Put" is a wonderful risk-free (They know when the plug will get pulled) opportunity to rebuild reserves? Buying tech stocks back from them (a/k/a "the greater fools") at these levels (equivalent to late 1999?) will go down in history as the worst trade ever..

PS It doesn't work for Mining stocks which are THE most under-valued. Wonder why?

In reply to by Last of the Mi…

Adolfsteinbergovitch p4424119 Thu, 06/21/2018 - 05:41 Permalink

Haha you're no longer willing to give out any number because you know these figures are false. So in essence what I was saying earlier holds water: you are seeking people in large numbers on the promise that you will pay them a lot for some shady online porn stuff. And of course these poor idiots will never see anything coming from you. 

I hope you're business works wonders. If it doesn't then you're even more stupid than I thought. 

In reply to by p4424119

james diamond squid Sudden Debt Wed, 06/20/2018 - 14:08 Permalink

facebook apple amazon google netflix and microsoft are taking over the world.    their stocks are screaming buys. soon, they will be larger than the US government and will have all governmental powers including taxation  (monopoly power).  enjoy your $10/hour job at these companies to pay your core living expenses, but borrow money to buy their stocks for all your recreational and fun money.  

In reply to by Sudden Debt

Adolfsteinbergovitch p4424119 Thu, 06/21/2018 - 05:35 Permalink

Haha you're no longer willing to give out any number because you know these figures are false. So in essence what I was saying earlier holds water: you are seeking people in large numbers on the promise that you will pay them a lot for some shady online porn stuff. And of course these poor idiots will never see anything coming from you. 

I hope you're business works wonders. If it doesn't then you're even more stupid than I thought. 

In reply to by p4424119

Yog Soggoth Sudden Debt Wed, 06/20/2018 - 17:41 Permalink

Why would they be looking for senior bankers and investing so much in tech if there really was a doomsday event? Looking for new clients? So they are expecting people that previously did not have money to deposit, or are they just trying to steal what is left out there? 

Bank by bank, these are the new hiring priorities for 2018 ...

... these are the new hiring priorities ... Hiring has slowed, but senior staff are still ... Strats hiringHiring local bankers who can build relationships ...

https://news.efinancialcareers.com/uk-en/314942/bank-b

In reply to by Sudden Debt

Oldguy05 Snaffew Wed, 06/20/2018 - 20:07 Permalink

You crazy man? I don't even do that shit but I know after 5 or 6 years of watching to do the opposite. Cept every once in a while the guy's gotta get it right. Or else he's funded by big mama's trust fund!

edit: We have found that after taking a short position we were wrong and will now bla bla bla and change our intensive outlook on tomorrow by covering our perverted shorts and never exposing our selves again!....Until the next tomorrow!

In reply to by Snaffew