from a long term perspective, quite a shame if bull give up here. need some more push to confirm trend changes. no trend changes then we will see a retest of 1800
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Trades with cats wrote:Comment and chart from JP Morgan, all strategy types of hedge funds, on a net basis have not covered individual shorts. Instead they have bought baskets (S&P etc) to bring their net exposure to zero. Helps to explain why the Russel took off, they bought the ETF and stayed short the stinkers. So to me that is more confirmation that they share my bias that this rally, like almost all fast and violent turns, is part of a bear market. If they thought otherwise I think they would have covered the shorts instead of buying portfolio protection.http://www.zerohedge.com/news/2016-04-0 ... se-emerges
I don't think that support your conclusion. they bring their exposure to zero so they actually cover from a market perspective. we will need them to have net short exposure again to see bear market.
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