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Links 1/10/2024 | naked capitalism

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2:00PM Water Cooler 1/9/2024 | naked capitalism

Today's Water Cooler ....

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Short sellers lost $195 billion in 2023 bets against US, Canadian stocks: S3

The firm said 2023 was an “exceedingly difficult year” for short sellers, after the Nasdaq Composite Index (.IXIC) surged 43.4% and the S&P 500 rose 24.2%. Investors who short a stock are betting that its price will fall. ....

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Investors Lost $195 Billion Shorting Stocks in 2023

The most painful short bets were against Magnificent 7 firms, which skyrocketed in 2023 amid big investor bullishness for tech. ....

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Short Sellers Gang Up on China's EV Leader

BYD, the world s leading electric vehicle manufacturer, is facing increased short selling as expectations of a sales slowdown and intensifying competition in China’s EV market rise. ....

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