Unpopular opinion here, but shorting has it's place. It seems absolutely ludacrous to have an unbacked dollar, based only in consumer confidence, in a market where skepticism (i.e. shorting) is illegal. When stocks are over-speculated, shorting serves as a safeguard. Or at least, in a free market it would.
Example: Ideally, the shorting going on before the housing market crash should have preceded a re-evaluation and restructuring of of sub-prime mortgages. The shorting should have motivated an overall restructuring, and modest retreat of the housing market, instead of the crash. Unfortunately, that game was also rigged. Those that rigged it, have blamed it on the short stock people, but in reality, those at fault were the ones who propped up a shit market and attempted to pass it as solid gold with impunity.
Unpopular opinion here, but shorting has it's place. It seems absolutely ludacrous to have an unbacked dollar, based only in consumer confidence, in a market where skepticism (i.e. shorting) is illegal. When stocks are over-speculated, shorting serves as a safeguard. Or at least, in a free market it would.
Example: Ideally, the shorting going on before the housing market crash should have preceded a re-evaluation and restructuring of of sub-prime mortgages. The shorting should have motivated an overall restructuring, and modest retreat of the housing market, instead of the crash. Unfortunately, that game was also rigged. Those that rigged it, have blamed it on the short stock people, but in reality, those at fault were the ones who propped up a shit market and attempted to pass it as solid gold with impunity.