Skip to comments.Bets Against the Stock Market Rise to Highest Level in Years
Posted on 04/20/2020 10:05:03 AM PDT by MeneMeneTekelUpharsin
Short sellers have revived their wagers against the stock market in recent weeks, taking their most aggressive positions in years.
Bets against the SPDR S&P 500 Trust, the biggest exchange-traded fund tracking the broad index, rose to $68.1 billion last week, the highest level in data going back to January 2016, according to financial analytics company S3 Partners. That was up from $41.7 billion at the beginning of 2020 and $41.2 billion a year ago.
(Excerpt) Read more at wsj.com ...
You left out “more” before “hell”
10s of millions of lost jobs, market still down 20ish percent...that’s a little bit of hell broke loose there.
But you’re right. A lot more could come if we don’t get rocking.
Will it rebound, or sink like a stone? It’s times like this I wish I could see the future.
“Short sellers coming on big time.”
Bring them on. I love the smell of (other people’s) burnt money in the morning
Pretty large amount of money behind that bet, 68 billion. Those fellas know something you and I don't know. Posted some time bag we'd see a 10,000 DOW. Post got pulled. We'll see.
Either we open up right now or the drop can not be turned around without some really severe things happening. Better happen now.
The only reason the markets aren’t way down is the Fed has pumped up yet another bubble with magic money. Real stock prices based on actual value and earnings are a thing of the past.
It could simply be people with bullish positions hedging the downside.
even with Trump’s plan, which is Great, there’s stringent rules and each is 2 weeks I think, before the 3rd level.
i’n hoping most of the country gets through the 3 steps fast.
Exactly! We have not seen inflation in awhile, but the federal largesse assures us of a firm foundation under asset prices. The Fed and US Treasury are taking the opportunity to lock in low long term rates and then We will inflate our way out of this.
Gee I guess this is why the Dow went up by record numbers over the past three weeks. If the geniuses on Wall Street were so smart the market would be at about 12,000. That would be the natural result of all their pessimism no? Button up your shirts and keep them on.
” Real stock prices based on actual value and earnings are a thing of the past.”
So, is it time to reduce exposure, even with the big loss we’ve taken?
“Bring them on. I love the smell of (other peoples) burnt money in the morning”
yeah, want it be marvelous when the market turns against them and the shorts are squeezed into panic buying!
“Posted some time bag we’d see a 10,000 DOW.”
Hope you didn’t put any money on that. There are several well-known hedge funds that are now on the brink of dissolving because of big shorts placed at the beginning of the pandemic. I’ve enjoyed watching their money bid up the prices of my equity holdings. And, in case you’re wondering, I’m a “buy and hold” guy. I don’t think anyone (even the so-called “big-money pros”) can systematically time the market. There is decades of evidence supporting my view.
Sometimes this can be a contrary indicator. But, not always.
Yeah, you’re right.
About the market, I meant. There’s no way it’s going to anywhere near 10,000 on the DOW.
In mid Feb my stock AMD started to fall. It fell about $21 then by mid April was back up to about $58.50 and settle today at $56.97
Once the states “open” the stocks will go up no matter what the democrats try to do to stop the economy booming.
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