Endangered Species: Short Sellers

16 out of last 18 days, the market has gone up.  And short sellers are distinctively being classified as "endangered species" by Doug Kass's of the world.  Here is the latest note from Helene Meisler, the technical analyst at the.street.com:


"As Doug Kass has indicated over on Real Money Silver we have been having a chat regarding the market. He inquired what sort of indicators I am watching as a 'tell' for the market.


I responded we already have the divergences in place. albeit minor ones. New highs failed to increase yesterday. Cumulative volume and cumulative breadth did not make higher highs yesterday. The Oscillator is at a lower high as well. The Intermediate term gets overbought this week. So all of that is in place.


The missing ingredient is now sentiment. So I would note that the total put/call ratio is 72% as of this hour, which would be the lowest reading in nearly two weeks.


Position: Looking for a reason this market would go down."


Question you have to ask yourself is the current economy and its future prospects (up to 9 months out) are in-sync with the stock market?  


There is no trade suggestion here.  Just my rambling about the market as I am afraid to take on any new long position when everyone is bullish.