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tdp2664 InvestorPlace Buyers jumped into the market yesterday, taking back about one-third of last week's losses. The reason given for the recovery was that was no new news had come from Europe or theUnited States. In other words, the stock market is so oriented to news that no news is good news. Imagine what would occur if good news was announced. Whatever the cause of the rally, volume on the NYSE was just under 1.2 billion shares with advancers ahead of decliners by about 2-to-1 on both the Big Board and Nasdaq . For the period ending Sept. 15, the short interest rose 5.48%, which is the highest since March 31, 2009, according to The Wall Street Journal . Short interest is the number of short-selling positions on the NYSE that have not been closed out. Whenever short interest rises, there is a high probability of a sudden short-covering rally, like yesterday. Most of the shorts are held by high-volume speculators who are easily frightened and cover in a frenzy.
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