Clark is far from undone by the existence of higher stocks. Morgan Stanley’s director of US equities, Mike Wilson, the year-end outlook for the S&P 500 index sees the index fall to 3,900, about 17% below current values. He said this week he’s still holding on to his bearish view, though he’s raised his target to 4,400 over the next 12 months – which still needs a 6% drop to turn out nice.
https://www.washingtonpost.com/business/short-sellers-giving-inmay-be-a-bearish-signal/2021/11/17/cc507398-4774-11ec-beca-3cc7103bd814_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Short sellers put out for the month can be a bearish signal
