Shorting is a valuable investment tool. It allows one to manage his portfolio and provide insurance for positions. It can cover positions and be used very conservatively. Shorting also has a side affect of providing liquidity to a market. All those lemmings wanting to sell the past couple of weeks, they are thanking God for shorters, because when you short, you buy to close out your position, and you do it when the price has gone down.
Time to short was when DOW was flirting with 30,000.
The big money in shorting is already been made.
The economy is crippled by events (closures, reduced commerce) necessary to battle the Chinese Flu.
That is NOT the time for vultures to flock to make a killing. Foreigners may be doing that out of their hate for the United States - but Americans going out of their way to profit off of the pain of their country is disgusting.
An honorable reaction would have been to remain on the sidelines until there is a recovery, then invest in our recovery.
The shorters are merely walking up to a down and wounded opponent and shooting them repeatedly in the belly, laughing while they do it and saying, "Look at me - I'm so smart to capitalize on this situation!"
Anyone who thinks short selling is evil is a hypocrite because they are riding the long coattails of all the evil manipulation that have made this market explode beyond what it should have. They made a ton of money off of that overinflated balloon and not it’s popped. If they didn’t have sense to know that’s why it was blowing up to the upside-and that this was going to massively deflate it-I’m sorry-if they manage their own money-I don’t feel the least bit sorry for them. Not one bit. If someone else manages their money-they should fire them and get someone who is honest.