This is not a negative for the general economy imho, but rather the opposite - it will energise more sectors than it harms ... airlines and insurance - well it won't be short selling taking them down, but a radical shifting of their fundamentals ... to gain much from this you'd need to have been short by Monday's close imho ... other sectors will be greatly stimulated, it's just a matter of identifying them ... different kind of war, no battleships built in this one, shell casings won't increase copper consumption [but other factors might, quite possibly ralfph's 'Screw You Bull' effect] ... we're a resilient and adaptable species, and our reaction to crisis, after the initial horror, is to get busy and do something about it, and that means economic activity.
'Buy the cannon, sell the trumpets' is the old saying - #reply-16338715
Short selling has no negative effect on markets anyway, imho, it's just a reversal of the order of trades - instead of buying and then selling, you sell first and then you buy ... which means that while every long position is a sale in waiting, every short position is a guaranteed buy down the road, unless it's some demented and/or scammy PoS on its way to zero, in which case who cares, it was never going to do anything for the species anyway .... like the great majority of market players, i have never yet shorted anything, but see nothing wrong with it at all, it's just one of the market's tools for allocating capital.
Nortel b/a 8.15/8.18 at this moment, last 8.15 up .59, +7.8% ... and i really don't think that's all PPT, it's the Phuque U school of thought imho ... plus more security efforts mean better communications networks |
