The death of shorts, long live the shorts!

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From the AFR:

For some, they are the scourge of Wall Street. Yet short-sellers – investors who stake bets against stocks – are often the first to sound the alarm on a market’s froth or a company’s fraud.

Now, six years into a bull market run, with stocks in the United States smashing one record after another, these naysayers have all but lost their voice.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.