We short stocks…but, for different reasons.
This week’s war against “shorts” (highlighted by GameStop, AMC, and others) by a cadre of hyperventilating retail investors coaxed on by message boards and chatrooms has bloodied many hedge fund managers and brought several hedge fund managers to their knees. When all is done, this populist revolt against the “elites” will likely not end well for either side. As the impetus (short squeezes and aggressive options strategies) for th