Charmin Posted August 29, 2009 Report Share Posted August 29, 2009 For our current bubble it appears we can't rely on the shorts: "The level of short-selling on the S&P 500 has fallen to its lowest level since January. And according to Bespoke Investment Group the average short interest in other major indexes is at the lowest level since the market top in October, 2007. Is that a sign of capitulation by the bears usually seen near market tops?" continue reading at http://syhardingblog.com/new/ Link to comment Share on other sites More sharing options...
Ags Nightmare Posted August 29, 2009 Report Share Posted August 29, 2009 ..plus maria is probably long Amgen....or is boinking some biotech CEO's on the side.... I can see her going Full Metal Joan Rivers once father time goes into over drive.....and she won't have to worry about paying one red cent to get her face rewound tighter then a shrink wrapped pallet of mac and cheese at Costco. Kiss my arse Mrs. Use the News... Link to comment Share on other sites More sharing options...
Ags Nightmare Posted August 29, 2009 Report Share Posted August 29, 2009 For our current bubble it appears we can't rely on the shorts:"The level of short-selling on the S&P 500 has fallen to its lowest level since January. And according to Bespoke Investment Group the average short interest in other major indexes is at the lowest level since the market top in October, 2007. Is that a sign of capitulation by the bears usually seen near market tops?" continue reading at http://syhardingblog.com/new/ Charmin, not sure what option volume on the put side is but I think that is fueling a lot of the low volume squeezes. Lost Money has been preaching to Cramericans to go home with "protection" and have safe s*x with their 8 by 11 pieces of worthless paper for months. Not sure how this dynamic has played into this ramp but I do think it's a factor. Long's could be squeezing themselves. Link to comment Share on other sites More sharing options...
itiswhatitis Posted August 29, 2009 Report Share Posted August 29, 2009 Charmin, not sure what option volume on the put side is but I think that is fueling a lot of the low volume squeezes. Lost Money has been preaching to Cramericans to go home with "protection" and have safe s*x with their 8 by 11 pieces of worthless paper for months. Not sure how this dynamic has played into this ramp but I do think it's a factor. Long's could be squeezing themselves. And I didn't quite have a full grasp of the intricacies and mechanics of what he was talking about, but a couple of weeks ago, Noland mentioned something along the lines that many big players (funds, investment banks, insurers, etc...) have been forced to unwind their "hedges" against a bear market. I took it to mean there are very few institutions protected on the down side, which incidentally may have helped fuel this rally. (Doug - If I am way off base on your analysis, my apologies.) Given what I think is happening, it is completely possible when the stool hits the fan, the downside could be faster and much more dramatic then even the worse of us can even imagine - well, other than Shorty. This upcoming week, I will begin accumulation of out of money puts, with strike spread throughout the fall and winter. Link to comment Share on other sites More sharing options...
DrStool Posted August 29, 2009 Report Share Posted August 29, 2009 Unwinding of hedges=short covering. Squares with the low short interest levels. Recipe for another collapse since the shorts won't be there to cushion any declines. Conversely, Was looking at the COTs on Treasury futures and Large Traders have near the highest short positions in 4 years. Could be why Treasuries won't sell off. But looking at 10 years, current levels are not at extremes. Murky. Link to comment Share on other sites More sharing options...
psyche doctor Posted August 29, 2009 Report Share Posted August 29, 2009 The solution is ----->HERE!<----- Actually, I have already given some consideration to that. Link to comment Share on other sites More sharing options...
psyche doctor Posted August 29, 2009 Report Share Posted August 29, 2009 Unwinding of hedges=short covering. Squares with the low short interest levels. Recipe for another collapse since the shorts won't be there to cushion any declines. Conversely, Was looking at the COTs on Treasury futures and Large Traders have near the highest short positions in 4 years. Could be why Treasuries won't sell off. But looking at 10 years, current levels are not at extremes. Murky. Anyone have any good info on current margin debt levels or cash levels in mutual frauds? Link to comment Share on other sites More sharing options...
DrStool Posted August 29, 2009 Report Share Posted August 29, 2009 Hasn't anyone here had their health insurance dropped, then been denied coverage due to a bogus pre-existing condition, as I have? Those who oppose reform are either young and healthy, or are covered by their nanny employer, or are already covered by the most popular government program in history, medicare. What they are proposing as reform now is a disaster, and I would rather see them pass nothing than this monstrosity. The critics are right. It will only increase costs. We can't do it. The only solution is the abolition of the private system, arrest, trial, and incarceration of the executives of the health care companies, including the insurers and pharma companies, for fraud and mass murder, and the institution of a wholly government run system. Every other civilized country in the world delivers government run universal health care at about 10% of GDP, compared to the US 17%, and achieve better outcomes statistically. Their governments are just as bureaucratic and inefficient as ours, so the argument that a government run system would cost more is unsupported by the facts. Government run systems cost a great deal less and do a better job overall. But it's a moot point because the health care mafia owns the Republican party, and has corrupted enough of the Democrats, that any real reform of the system is impossible. Ultimately this system will collapse because so many people will be killed or financially ruined. The "American Way of Life" will also collapse. The trend is already well under way. Link to comment Share on other sites More sharing options...
Charmin Posted August 29, 2009 Report Share Posted August 29, 2009 Given what I think is happening, it is completely possible when the stool hits the fan, the downside could be faster and much more dramatic then even the worse of us can even imagine - well, other than Shorty. Steel I-beams are this weeks low at 1016 and then 992/980. I got this idea that it doesn't matter much about shorts when the whitewall street has all that cash to play with. Link to comment Share on other sites More sharing options...
capitall Posted August 29, 2009 Report Share Posted August 29, 2009 Hasn't anyone here had their health insurance dropped, then been denied coverage due to a bogus pre-existing condition, as I have? Those who oppose reform are either young and healthy, or are covered by their nanny employer, or are already covered by the most popular government program in history, medicare. What they are proposing as reform now is a disaster, and I would rather see them pass nothing than this monstrosity. The critics are right. It will only increase costs. We can't do it. The only solution is the abolition of the private system, arrest, trial, and incarceration of the executives of the health care companies, including the insurers and pharma companies, for fraud and mass murder, and the institution of a wholly government run system. Every other civilized country in the world delivers government run universal health care at about 10% of GDP, compared to the US 17%, and achieve better outcomes statistically. Their governments are just as bureaucratic and inefficient as ours, so the argument that a government run system would cost more is unsupported by the facts. Government run systems cost a great deal less and do a better job overall. But it's a moot point because the health care mafia owns the Republican party, and has corrupted enough of the Democrats, that any real reform of the system is impossible. Ultimately this system will collapse because so many people will be killed or financially ruined. The "American Way of Life" will also collapse. The trend is already well under way. I would agree on everything except the U.S. government being inefficient. It is 100% efficient according to the Golden Rule: He who supplies the gold (i.e. finances Congressional campaigns) makes the rules. No corporate CEO has EVER said "This is an inefficient process here. We are not getting our money's worth, so we are going to stop contributing to Congressional campaigns." They ALWAYS get their money's worth-- including the insolvent banks and the health care industry, as has recently been obvious. Their money is converted into exactly the kind of legislation they desire-- with the efficiency of a fine Swiss watch. Link to comment Share on other sites More sharing options...
alceringa Posted August 29, 2009 Report Share Posted August 29, 2009 ....... Their governments are just as bureaucratic and inefficient as ours, so the argument that a government run system would cost more is unsupported by the facts....... Gotta disagree with that...... The US Federal Gubmint is pretty "bad" as far as capability goes. What the US Gubmint seems to do best is first establish and then perpetuate fraud on a massive scale. Welfare fraud, Medicare fraud, Mortgage scamming, more Mortgage scamming, Food Safety fraud, wars based upon fraud, fraud in Wall Street, fraud in corporate board rooms, the list goes on and on. Name one thing that the US Gubmint does of any large scale that is model for the rest of the world to emulate. On the other hand, I can think of lots of countries where the Gubmint runs a tidy ship in health care and fraud, where it does exist, is relatively petty. So in my opinion, the argument that the US Gubmint is too screwed up to run the Health Care System is very compelling and persuasive. I don't see how you can fix health care in the USA until you drain the cesspool inside the Beltway first and eliminate all the vile, slimey, creep crawly critters living there. Link to comment Share on other sites More sharing options...
Charmin Posted August 29, 2009 Report Share Posted August 29, 2009 The "American Way of Life" will also collapse. The trend is already well under way. It started for me about the time my wife needed jaw surgery a number of years ago. We shelled out around 10K for orthodontics and extras. She had the surgery, but it was later deemed a failure. In the last few years with kids we've evaporated plenty on all kinds of repairs. It's absolutely amazing how one can burn through so much cash these days. I don't get any sympathy from Mom. Her and dad had $30 when he brought her to America. Link to comment Share on other sites More sharing options...
byhiselo Posted August 29, 2009 Report Share Posted August 29, 2009 What they are proposing as reform now is a disaster, and I would rather see them pass nothing than this monstrosity. agreed, i'd say i'm stunned watching this unfold but know better considering the character of our elected and paid for jellyfish... Link to comment Share on other sites More sharing options...
Charmin Posted August 29, 2009 Report Share Posted August 29, 2009 Let's nationalize the fed and give ourselves interest free money. No more high interest for debt. Link to comment Share on other sites More sharing options...
byhiselo Posted August 29, 2009 Report Share Posted August 29, 2009 Shorty this chart of the Dow is for you. Let's just say that point of recognitions probably come with at least three 6's. But I decided to put my horizontal lines at: 6666.66 9666.66 http://www.StockSharePublishing.com/ChartL..._1251515648.png yes, i can see it...bring it on Link to comment Share on other sites More sharing options...
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