Loading ...I wonder when these “kids” they talk about start playing the futures markets.
Shorting never made sense to me. I don’t think anybody has a right to borrow my shares and sell them into the market as if I’m selling out. I could be a buy and hold guy, like most people, and along comes some other guy and sells??
Years ago I checked my statement, and I saw a $50 credit entry from Schwab. So I call them to ask about it. He said, because I have a margin and can borrow Schwabs money, Schwab can lend my XYZ shares out. While they were loaned out, and dividend payment came, and they couldn’t let the shorter have it so they gave it to me.
And if TPTB think Shorting is ok, then I want the ability to short real estate. If rates are very low, and prices are high? Lets short them. I’ve seen some big $50 million dollar mansions drop to $25 million, I think Michael Jacksons place did something like that. And recently the shopping mall near by is BUSTED, and worthless.
Far far less than what was paid for it. They are saying its so cheap, its worth only the land value, MINUS the cost of removing the structures, and convert it all to apartments.