Think that you're contrarian by betting against the market?

nope: read the seeking alpha article here


have a look at the two charts presented there. Many of the stocks there have >50% of the float as short interest! The repeal of the "uptick rule" of 1929 mandating that a stock price had to increase a bit before subsequent short sales occurred last fall is likely a major contributor to this phenomenon.


The next few months/quarters should be very interesting as the inevitable short covering rush/squeeze occurs. This type of market position is not sustainable IMHO.