Wednesday, May 04, 2005

The Peridot Capitalist: Despite Headwinds, Record Short Interest Suggests Future Strength

As soon as I disagreed in my last post with The Peridot Capitalist about the reason for the renewal of the long bond, I read this very important post. The record short interest and the negative sentiment are indeed good indicators of good news to come.

Bearish sentiment can always get worse but the numbers last week were strong. The lift off in the market the past couple of days seems to be pressuring the shorts to cover. The rally could be explosive. Buy this big bull boom bubble, before selling the bust!