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What do Lloyd Blankfein, Jamie Dimon, James Gorman, John Thain, Jimmy Cayne, and any of the revolving door of AIG CEO’s have in common? Three things come to mind rather quickly: 1) All were financial executives during the 2008 global financial crisis. 2) All of their firms received massive public bailouts. 3) None of them went to jail for their firm’s involvement in said crisis. As a matter of fact, most are still plugged in somewhere on Wall Street, presumably helping to facilitate the next great financial crisis.

From Nicholas Colas at Convergex

Back in late 2014 and early 2015, this website soundly mocked any and every economist that suggested that plunging oil prices - in a globalized economy where oil has been financialized beyond recognition and impacts every asset class, the stock market, global trade flows, and international diplomacy - is "unambiguously good." 

Last week, Reuters reported a development which should have surprised precisely nobody: while the Kremlin announced one month ago that it would begin withdrawing military forces from Syria at once, Putin was doing the opposite.

One month ago, when looking at the overall level of short interest across the market, we reported that according to JPM, the "most painful part of the short squeeze may be yet to come", and sure enough, aided by an unprecedented amount of central bank intervention, the market has since surged, in no small part due to ongoing covering of short positions.

However, one look at the NYSE short interest data reveals something troubling: there are still many shorts out there.