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Aug. 20, 2007, 8:43 a.m. EDT

Market's turbulence is a big, temporary short squeeze

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Eric Newman, portfolio manager for TFS Capital, says the stock market's current volatility is caused, at least in part, by a short squeeze of 'historic proportions.' In a radio interview, Newman discussed how hedge fund managers have had to unwind many positions, and showed that this has led to the improbable scenario where the stocks that the market seems to hate - the ones with the most investors betting against them - have been the stocks with the strongest absolute performance this month.

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