Mar

20

 Tops happen on good news and when there are not many more fools left to buy. Likewise, bottoms happen on bad news and when there are not many fools left to sell. Old saying.

With a slew of goody goody numbers in the US also not pushing the "S&P 500 momentum" higher, if one tiny-in-comparison bit of bad news from Cyprus whose GDP is a fraction of the total global market capitalization causes concern, then I am inclined to tilt my hat to search for evidence that not many more fools are left to buy.

Short Interest in the US is at multiple year lows. Idiosyncratic demand would be low on declines. Is there a larger mess brewing pricewise?


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