New York
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.
William Ackman, who has yet to prevail in a billion-dollar bet against Herbalife, said that he would "think very hard" before making another short bet. James Chanos, the short-seller who helped expose Enron, and who has long been seen as the fiercest of the short-selling bears, is now adding a fund that will buy stocks. "Short-selling is an incredibly...
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