Re: Stock market is not fit for purpose
Having spent 20 years in various finance and asset management roles I would like to think I am vaguely qualified to talk about the subject. Short selling is indeed, what you describe, but it is also effectively a form of gambling. All of the private services offering such capability are covered in warnings like 78pc of users of this service lose money for this very reason. Short selling contributes to instability for the gain of a minority of investment clubs with buying power, that have no actual interest in the business they are gambling on. No, if you don't think reform is needed against the cutthroat world that is high finance then you're either playing the game to profit from it, or being shafted by it. I'll leave it to you to work out where you think you are on that scale!
Biting the hand that feeds IT
