I found this rather amusing video this afternoon… how to make light of a ‘bad situation’ perhaps (although vaguely reminds me of the Will and Grace scene with Al Roker)
While there is a tendency among the self-righteous to criticise individual short-sellers who make money out of the misfortune of others, the fact is that those playing the stockmarket in such a fashion are merely a product of the system, rather than the catalyst behind the so-called evil. Once upon a time, stockmarkets were there to provide companies with a means to raise capital from investors; today’s financial world is a vastly different beast.
Nowadays, there is as much incentive to kick a company while it’s down as there is to support it when it is in ruder health; short sellers hover around a dying stock like vultures anticipating a feast, and every financial institution is as guilty as the next when it comes to gorging on the remains. Lehman Brothers’ demise is a case in point, as too is AIG’s seemingly impending collapse.
Time for a new world order?