Higgenbotham wrote: I can't find anyone who wants to be short. I called my broker and he confirmed nobody he knows of wants to be short. He was telling me about people who were saying the market was very stretched back at 2500 and 2600 and were holding short but now that the parabolic blowoff has collapsed will not go short.
I have a theory as to why nobody wants to go short at what appears to be a very good place to do so (only time will tell whether it really is). It's really very simple. The market has been going up for 9 years and for 9 years anybody who sold stocks or sold short has lost money or at least seen the market go above their decision point to sell or get short. It doesn't seem likely to anyone that yesterday would have been the right day to go short when it hasn't been the right day for the previous approximately 3279 out of 3289 days (the only exceptions being the 10 or so days in late January that the market was higher than it is now). Viewed that way, not going short is good common sense.aeden wrote:I will wait for another smack down in bills and build another short but not this week H. I have no need to as we are.
I finally did find someone who would like to go short. But he can't. He lost all his money going short and is broke and working a part time job.
