Jamie Dimon, Chase's outspoken Chief Executive Officer, is right about short sellers. While I believe short-sellers without question have a place in the marketplace (and sometimes I am even one myself), some unscrupulous short-sellers are intentionally distorting market signals in ways that have cost far too many Main Street investors significantly over the last decade. Their strategy of artificially tanking stock valuations through spreading misinformation isn't going away, so traders are now left with a choice: wise up by picking up on their cues or do nothing and continue to be left holding the bag.
The recent campaign against Indian multinational conglomerate the Adani Group by Hindenburg Research, a U.S. investment research firm focusing on activist short selling, is telling.
