phantomfivefive

The Blame Game, Part I: The Short-Seller Witch Hunt

Glassbox, when you say there's no symmetry between a buy and a short, you've got the symmetry idea wrong. The symmetry exists between the short followed by it's eventual cover, and the buy followed by its eventual sell. Both situations involve a buy and a sell. The only difference is in the order in which they occur. If a party is allowed to speculate that prices will rise, then they should also be allowed to speculate that they will fall. It's that simple, and it's pathetic that that should have to be pointed out.