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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: TheStockFairy who wrote (157903)4/1/2002 4:19:18 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<However, despite some renewed interest in selling stocks short, the practice is unlikely to get any easier, according to John Olson, an investment analyst at Sanders Morris Harris Group, an investment management firm in Houston.

“Short sellers make money from people who do stupid things, but I think that the accounting issues that brought down Enron will mean a CEO will be less inclined to do something illegal in a financial report,” Olson said.
The result will be less complicated information in companies’ balance sheets, he added. “That’s not good news for short-sellers because they thrive on that sort of thing.”>>

No, I suppose it isn't good news for shorts. OTOH, with the PE of the SPX at 40 and rising rates, they'll find something to do, I imagine...<G>
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