Monday, May 28, 2007

Short Sales Break Record on NYSE; Making Market Bulls Even More Bullish

(Bloomberg) -- Short sellers are betting against
U.S. stocks like never before as the Standard & Poor's 500 Index
approaches an all-time high. That's making some of the biggest
bulls even more optimistic.

``What the short seller appears to be doing is doubling
down,'' said Kenneth Fisher, who oversees about $40 billion as
chairman of Fisher Investments in Woodside, California. ``You
love to see it, because if you believe there is a basic driver
to the bull market, they're going to get run over.''


Read more at Bloomberg Stocks News

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