Black Monday

**FTG** · 28-08-2021, 12:55 PM

Originally Posted by JBmurc

For the month of August we've made 10 new intraday, all-time highs in the SPX... this hasn't happened in the month of August since 1987. The record number of intraday, all-time highs in the month of August is 11... which happened in 1929.

Possibly another canary in the mine?

And here goes another one. Short Interest on the S & P 500 now at record lows.
Coupled with retail investors now holding the highest level in history of leveraged long positions.
16542_short-interest.jpg

**JBmurc** · 28-08-2021, 02:36 PM

Originally Posted by FTG

Possibly another canary in the mine?

And here goes another one. Short Interest on the S & P 500 now at record lows.
Coupled with retail investors now holding the highest level in history of leveraged long positions.
16542_short-interest.jpg

Yes thinking once again to push funds across to SHORT the SP500 --BBUS .... certainly pre OCT ... everything is lining up to see a major correction

**clearasmud** · 28-08-2021, 02:41 PM

The obvious reason why shorts are so low is that they've already been burned to ashes.

**clearasmud** · 28-08-2021, 02:46 PM

Originally Posted by JBmurc

Yes thinking once again to push funds across to SHORT the SP500 --BBUS .... certainly pre OCT ... everything is lining up to see a major correction

I'm thinking small correction. The trend up has been very strong.

**bull....** · 28-08-2021, 02:59 PM

Originally Posted by FTG

Possibly another canary in the mine?

And here goes another one. Short Interest on the S & P 500 now at record lows.
Coupled with retail investors now holding the highest level in history of leveraged long positions.
16542_short-interest.jpg

the bullish case is

maybe the highest leverage because credit is more readily available now.
short interest is low because they get burnt all the time.
companies are doing record buybacks and the US banks just got approval to start there buybacks
there still printing 120 billion of cash per mth which some of is going into the market
even tom lee was saying on another clip that he see's a melt up of everything heading into the seasonally great end of year.

but one day the bear case will win , maybe when there is an alternative

**JBmurc** · 28-08-2021, 03:10 PM

Originally Posted by clearasmud

I'm thinking small correction. The trend up has been very strong.

we will see ...how long can the FED keep kicking the can down the road with ongoing TAPER talk ...while the FED balance sheet explodes .. Leader of the free word needs to be in treatment ... Afghan mistake ..many more nations moving away from the US dollar ..