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"Really what it did was make him put his bearishness on the shelf."
The sharp increase in short interest can be see as a sign of growing bearishness among investors.
"But maybe that thing hanging out there is enough to keep the bearishness alive."
He's also sitting on about 15 percent cash, though he says that's not a reflection of any bearishness.
That growing bearishness comes as Japan, whose stock market led the way up for most of the 1980's, plunged again.
Stock prices have not soared this year, as they did in 1987, and there is a lot more bearishness around now.
There is nothing new about that sentiment, and the bearishness is not hard to understand.
There were otherwise no changes to the firms positions, and long-term bearishness was expressed.
But the bearishness may also be presaging a deeper decline.
The model fell out of favor during the 1990's, however, owing to its persistent bearishness.
But bearishness has been moderate during the last couple of years, she said, "so if this initial increase continues, the progression would just be beginning."
Here are the most prominent rationales for the new bearishness: 1 Asian collapse.
"Sentiment indicators continue to show a healthy shift to caution or bearishness," he said.
The Dow was trading under 800 and bearishness was rampant.
The rising level of short-term rates has been the main reason for the widespread growth of bearishness.
The fact that it hasn't been is a testament to a continued American bearishness on Japanese stocks.
"The bearishness has gotten to a point where it's almost bullish," he said, taking a contrarian view.
After all, as many a corporate officer has explained, there are lots of reasons for an insider to sell besides bearishness.
"Don't mind my bearishness," she made half apology.
And he does not hide his bearishness.
Bullish advice may be dusted with patriotism, bearishness exaggerated by fear.
The value of short interest as an indicator of market bullishness or bearishness has been questioned in recent years.
Some traders who say the market is in a bearish mode trace the beginnings of the bearishness to late March.
"The bearishness wasn't simply on the inexplicable sentiment or mood that often pervades a market for no apparent reason."
Bearishness was widespread then, and wrong.