Radio Free Wall Street 5/6/09

Lee Adler and Aaron Krowne discuss the latest financial news, the coming foreclosure wave, and the Fed’s market machinations in this calf market for stocks.

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2 comments for “Radio Free Wall Street 5/6/09

  1. greg ewanizky
    May 6, 2009 at 6:01 pm

    lee, thanks for your work….but you say that dealers are squeezing the shorts-obviously the financials- but the short interest in xlf over the last few months has come down from about 50% to only about 48…what do you think about that

    /

  2. Lee Adler
    May 7, 2009 at 5:02 pm

    Right. All rallies start with a short squeeze, then the public buyers come in near the top.

    50% or 48% short interest is astronomical. Not sure how the short interest in the ETFs impact the price since it is tied to the underlying. I was thinking about the short interest in the individual stocks. That’s where the pigmen do their dirty work.

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