Hedgies Worry Retail Investors About to Freak-Out

We’re hearing that hedge funds are shorting S&P futures, while also holding onto to many long positions in the market. What's their angle? 

According to Anthony Scaramucci of Skybridge hedge funds are in fact hedging their bets because they fear retail investors are about to freak-out.

He says, hedge funds believe Mom & Pop investors are looking to Bernanke to support the market, as he has in the past. But he doesn't think Bernanke will come to the rescue this time.

"When Bernanke speaks we think he will be accommodative but we don’t think he has the political ammo for a QE3," says Scaramucci.

And that could set the market up for a whoosh lower.

Get all the details. Watch the video now!

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Trader disclosure: On Aug 22, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymours own (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman and Finerman’s firm own (AAPL); Finerman owns (BAC) and Finerman’s firm own (BAC) leaps; Finerman’s firm owns (HPQ) puts and Finerman owns (HPQ); Finerman owns (JPM) and Finerman’s firm owns (JPM) stock and (JPM) leaps; Finerman's Firm Is Short (IWR); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (XRT); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Terranova owns (XOM); Terranova owns (IBM); Terranova owns (VRTS); Terranova owns (AAPL); Nations is long (SPY); Nations is long (TLT)

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