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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (8461)11/25/2007 10:19:15 PM
From: estatemakr  Read Replies (1) | Respond to of 33421
 
But, and this is a HUGE but, is all of this "doom and gloom" already discounted by the market?? According to Valueline, short interest ratios are at extreme highs right now.

Total NYSE short sales/total NYSE volume is at 23% now. A huge increase over both the past market top (5-5-06) and market bottom (10-9-02) wherein they averaged approx 13%......according to Valueline.