We are now “up” to 4 stocks in the S&P 500 red on the day – still remarkable. In the twitter-verse someone posted that only once since 1997 has there been a day where 498 out of 500 stocks finished green – that was also this year, August 11th. I doubt it’s a coincidence as the market becomes more EFT+HFT dominated we are seeing this ‘everything together’ action. Personally I don’t like it but as Rumsfield says, you go to war with the market you have, not the market you might want or wish to have at a later time.
Speaking of, below is a list via CNBC of the most heavily shorted S&P 500 stocks – up until today, a very good list indeed. ;) Keeping in the theme that everything must go in the same direction, each one is a winner for the shorts – although of course they vary by degree.
Data source: CNBC Analytics and Capital IQ