NYSE Short Interest Nears Record, Pre-Lehman Level
- NYSE Short Interest Nears Record, Pre-Lehman Level
by Tyler Durden, www.zerohedge.com
In the last two months, NYSE Short Interest has risen 4.5%, back over 18 billion shares near the historical record highs of July 2008 (and up 7 of the last 9 months). (chart top of post)
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There are two very different perspectives on could take when looking at this data…
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* Either a central bank intervenes, or a massive forced buy-in event occurs, and unleashes the mother of all short squeezes, sending the S&P500 to new all time highs, or
* Just as the record short interest in July 2008 correctly predicted the biggest financial crisis in history and all those shorts covered at a huge profit, so another historic market collapse is just around the corner.
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The correct answer will be revealed in the coming weeks or months… but we know what happened last time…
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