After seeing the market collapse without short sellers - I though it would be clear to everyone short sellers are good for the market. It is their covers which cause the market to bounce.
The market would not have dropped this quickly if the shorts had not been taken out. They would have been covering. Sellers would have been waiting to sell on the rallies and there would have been a back and forth market - giving the feds policies time to work.
That short selling ban was a disaster - and now we have proof.
The market would not have dropped this quickly if the shorts had not been taken out. They would have been covering. Sellers would have been waiting to sell on the rallies and there would have been a back and forth market - giving the feds policies time to work.
That short selling ban was a disaster - and now we have proof.
