Since the stockmarket has been rising without a single major setback for more than two years, short-sellers have had a pretty sorry time. The last real inning for Bears was the great crash in whiskey stocks in 1933. Last week the New York Stock Exchange reported that its monthly tabulations showed that the short interest at the end of January was the heaviest since June 1933, just before that summer's big break. Relatively, the present short interest appeared more important than in 1933, because the volume of trading at that time was twice as large. Since then the short interest has...
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