>>12742224 (p/b)
>Essentially short sellers bet that companies will fare poorly in the immediate future.
Have to wonder how many companies have large short positions, and if we can expect a massive short squeeze and other positions are covered in order to meet margin calls….
From the "it's going to be Biblical" perspective:
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unlimited fiat-currency printing has set up a hyperinflationary-depression scenerio, which theoretically would resolve in a blow off top in the markets - and with the right president in the WH usher in sound money.
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Hedge Funds that are primarily short get wiped out first enter the blow off top
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Wall Street Longs (and mom/pop longs who don't understand hyperinflation drivers) get wiped out if they don't close out their positions as the market gets a major stiffy. Normally, you get detumescence after a stiffy…. and you can rinse and repeat… But in total explosive blow off top, there is nothing left to rinse and no possibility of repeat.
It would be Biblical to see the Wall Street (both sides) get wiped out by the monsters of their own creation.