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[–] [deleted] 2 pts

"short sellers are heroes".

That could only come out of a jewish mind.

[–] [deleted] 2 pts

That article really shows where the financial sectors mind is at on this subject.

Nowhere does he address the fact that Melvin are so over-exposed because they are shorting more shares than are available - that is pure greed.

Nor does he address the completely obvious flaw in the justification for short selling; that hedge funds are incentivized to manipulate stock prices downwards, which I think it is safe to assume they do, and which unleashes death blossoms of human misery - on a grand scale - for the actual people who compose the body of the corpus.

His assumption that they need short selling to know where to invest actual capital is also suspect. Do investment houses not assess investment opportunities on any other criteria than a companies resilience to the manipulation of it's stock price? If not then the tail is wagging the dog and an even more brutal gutting of the financial services sector is required than previously thought.

[–] 1 pt

When these hedge funds take a short position it is de facto market manipulation, people realize they're taking a short position and say to themselves "Well, this hedge fund must know something, I better sell!"

[–] [deleted] 2 pts (edited )
[–] 0 pt

Always remember that Forbes articles can be purchased for as little as 5 grand. It's paid "news", and it's not a secret or conspiracy, you can make an account, add a credit card and purchase your next business article or opinion article for one of their editors to write. After you approve it's published. Forbes is lower than toilet paper.