Everyone hates a know-it-all, which may be why the world is ganging up on short sellers right now.
By definition, people who were shorting companies that subsequently crashed were totally right. To dramatically oversimplify: Short sellers are broadcasting signals to the market that the companies they’re shorting suck. When they’re right and big companies come tumbling down, you’d think everyone would rally ’round and ask, “How did you know? Tell us your secret?” Instead, we blame them for the financial troubles of the less prescient:((reason - Short Sellers Got No Reason to Live?))
Tuesday, September 23, 2008 at 20:35