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  • here. one can see that NYSE shares short are down on the order of 20% from august 2008, but the short interest ratio is down closer to 45%. this is testament to the massive equity offerings that have flooded the market, particularly in the financial sector, as firms have tried to raise capital.february 2007 was a period when the S&P was marking new post-dotcom highs just prior to the shudder sent
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