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.

Subscribers only. Enter your login when prompted. Not a subscriber? Click here to listen to a free extended preview.

To subscribe and hear this podcast right now, click here!


Free sample podcast. Hear the 7/29/08 podcast. How did we do? Click here to listen and while you are doing that, subscribe!

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.

Comments are closed.