Tuesday, May 20, 2008

Facts on Short Selling

My portfolio is up 9% this year and it's because I've played the market for a downturn since last November using ETF's like GLD, DXD, QID, SDS. now here's some interesting data points . . .

• The amount of trading dollars that are in dedicated short pools are tiny: About $5.4 billion That's one-seventh the size of Fidelity's Magellan Fund.

• The $5.4B dedicated short hedge funds are a sliver of the nearly $2 trillion of hedge-fund assets.

• Over the past two decades, 58% of the issues on the New York Stock Exchange have advanced, while 42% have declined -- every year.

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