Users: Nf6: NAAIM Intensity

NAAIM Intensity

From the Short Side of Long 

Over the last several weeks, the most bullish managers have been fully invested and highly leveraged on the long side, with exposure ranging from 150% all the way to 170% net long. What is even more interesting, the most bearish managers have not been bearish at all. Their exposure has ranged from 0% (market neutral) to anything from 15% to 50% net long. 

In other words, the most bearish fund managers, who are usually acting as short sellers or hedgers, have actually capitulated and turned their portfolios towards the net long side as well. At least according to this survey, over the last several weeks, even the biggest of bears have thrown in the towel and when everyone is on one side of the boat…

Comments

No comments yet.

...