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Good Side of Short Sales Eclipsed by Goldman Emails

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GOING LONG ON SHORTS
Gary Weiss points out that the public should be careful not to admonish all shorts after this Goldman Sachs fiasco. "Short-selling may not be the most enchanting of activities, any more than working as a mortician does not exactly reek with glamour. Yet shorting fulfills a vital function, enhancing market liquidity and providing a skeptical viewpoint in the pricing of securities," he writes. "Like all conspiracy theories, the anti-short narrative has some basis in truth. Some shorts are indeed scalawags. But short sellers are not a monolithic juggernaut. Some are good people, some bad, while others are indifferent."
SOURCE:   TheStreet.com

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