did anyone watch the link that i posted last week - ie the interview with louise yamada on bloomberg. it provides great insight to what institutions are thinking and doing.
bottomline - they think we're in a bear market (which we are) and no where near a bottom. thus, what do you think they're doing when presented with short cover rallies?
Louise Yamada Sees `No Bottom' Yet for U.S. Stocks: Video
http://search.bloomberg.com/search?q=Louise+Yamada+Sees+%60No+Bottom%27+Yet+for+U.S.+Stocks%3A+Video+&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3AD%3AS%3Ad1
another subprime victim, page-199
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