It is going on now more than ever. It is the goddamn bullish rumors that are killing people. Any bearish rumor will end up saving people a hell of a lot of money. Everybody from Abby Joseph Cohen, to Greenspan, to Bush, to Merrill Lynch, JPM, all of those bullshit eco reports that keep on getting revised downward, except the unemployment numbers which get revised upward. This economy is sick. It was sick during the bubble years, but we were getting rich off of it, so it didn't matter. The shorts are not the enemy. They may be the only friends that anybody has in this market. The short interest thing shouldn't bother you either. The bigger the short interest on a stock, the better the bulls should feel. Because they have to buy back eventually. It is when there is no short interest that you should be worried. I won't short a stock that has too high of a short interest.
Again, the problem isn't the short rumors or the shorts, it is the bulls who keep on sucking people back into this market to get raped again.
This is a bear market, bear markets tend to make people less wealthy.
grub |
