Category Archives: short
Dismal Chinese Trade Data Sparks Panic-Buying In US Stocks
Because nothing says 'panic-buy' stocks like the worst Chinese trade data of the year. Something 'odd' ocurred at 0943ET. Stocks were lower and VIX higher, when suddenly… Nasdaq was panic-bid… VIX was monkey-hammered… And "Most Shorted" Stocks were squeezed higher… Of course, this week does line up for a melt-up…
Schwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks
We can now officially close the book on the “cash on the sidelines.” One week ago, we reported that in the latest weekly survey of Bank of America high net worth clients, the cash allocation had fallen to an all time low of just 10.4%, below the previous record low of 11% in April 2007 […]
Why A Dollar Rebound May Be Imminent Even As Crash Insurance Costs Hit Nosebleed Levels
Is the bottom in for the dollar yet? After hitting a 14 month low, the Bloomberg Dollar Index saw a modest gain of 0.1% as markets awaited this week’s FOMC meeting and kept a wary eye on Capitol Hill hearings which involve close members of the Trump administration. Quoted by Bloomberg, traders described flows as […]
These Are The 10 Most Crowded Long And Short Trades According To UBS
In this market where fundamentals long ago ceased to matter, and where positioning remains one of the few remaining sources of alpha, investors have been focusing on lists showing the most over and under-owned stocks. However, contrary to the narrative that the most heavily owned stocks outperform the most shorted, or underowned ones, and vice […]
David Stockman Warns The Market’s “Chuck Prince Moment” Has Arrived… “Only More Dangerous”
Authored by David Stockman via Daily Reckoning, On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance. Prince was then canned within four months but as of that day his minions were still slamming the”buy” key good and hard: “When […]
The Crash Of 1929: “Somewhere, Deep Down, They Knew The Party Was Over”
Via Jesse's Cafe Americain blog, History may not repeat… but it sure ryhmes… "…people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today." "There was great hope. America came out of World War I with the economy intact. We […]
There are only two other times in history when stocks were more expensive than today
We are having a hard time finding high-quality companies at attractive valuations. For us, this is not an academic frustration. We are constantly looking for new stocks by running stock screens, endlessly reading (blogs, research, magazines, newspapers), looking at holdings of investors we respect, talking to our large network of professional investors, attending conferences, scouring […]
Why Carson Block Sees “Real Problems With Canada”
Less than a week after declaring that China’s economy is headed for an economic “day of reckoning” thanks to its twin asset bubbles (real estate and equity), short-seller Carson Block said he’s starting to believe there are “real problems with Canada” – particularly the country’s dangerously overvalued housing market. Block discussed Canada's housing market with […]