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jdaasoc

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jdaasoc

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Re: ajtj99 post# 120852

Friday, 06/20/2008 10:35:43 PM

Friday, June 20, 2008 10:35:43 PM

Post# of 148479
Read that open short interest on NYSE was record 7.4%

I don't think we have crossed the point from this being a very profitable hedge to a driving force for a bear market rally.

If I was short financial stocks, I wouldn't be covering until the writeoffs of loans start to slow.

The malls are crowded with homeowners bartering their "government cheese" checks with merchants.
The money should make it's way to it's ultimate destination of China soon.
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