I, Who Hates Shorting, Just Shorted The Entire Stock Market. Here's Why

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jun 21 2020

0mins

Source: Newsfilter

Personal Experience with Shorting: The author expresses a strong dislike for shorting stocks, citing a poor risk-reward relationship and past losses from shorting highflying stocks in late 1999.
Current Market Sentiment: The author believes the current market is even crazier than it was in late 1999, making shorting particularly risky.
Recent Trading Action: On Friday morning, the author announced they had shorted the SPDR S&P 500 ETF (SPY) with a time frame of several months for this trade.
Self-Deprecating Humor: The author shares their trade as a form of entertainment, anticipating that they may be criticized for shorting during a significant market rally.
Crisis Context: The author highlights the contrast between the market's performance and the underlying economic and corporate crisis, suggesting a disconnect.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.