Short Sellers: June Was Best Month in 7 Years
And july was even better [so far...] as shown in the chart below. This is an ETF, the UltraShort Financials ProShares [ symbol SKF] , that correspond to twice (200%) the inverse of the daily performance of the Dow Jones U.S. Financials Index, in other words a way to be short without being “naked” short. Don’t expect the SEC panic rule to achieve much, always a step behind…
Short sellers have best month in more than 7 years
It’s an emergency! The SEC’s endangered species list
Longer data range with a few reference points:
1: Kerviel panic, fed cuts 75 bp
2: Bear Stearns panic
