Short sellers of US stocks hit hard by resilient market
Add BT as a preferred sourceNew York
IN January 2014, veteran short-seller Bill Fleckenstein said that he was readying a new fund to bet on falling stock prices. He's still waiting to launch that fund.
Despite lacklustre US economic data, a world grappling with slow growth, concern that Greece and Ukraine could default on their debts, the US stock market has been more than resilient. Even after a selloff last Friday, major indices are less than 2 per cent from all-time highs and volatility measurements have been close to their lowest levels for 2015.
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
