Wheres the liquidity?
Gustav Haffner 13 Mar 2009 1:58 AM Short-sellers and hedge funds keep on telling us that short-selling helps liquidity and above all price discovery. Well, I am so glad we finally discovered with the help of stock lenders and short-sellers that all our investments have been double the price of what we should have paid, so short-sellers helped us to discover the real value of all we had invested in, basically half of what we thought. Hedge funds and short-sellers went to great lengths to devalue all our investments by 50 per cent or more since August 2007. What had taken world markets 12 years to build up, now counts for nothing. Short-sellers and hedge funds use the politics of fear and they will do and say anything to rob long-term investors blind! These are the same people who told us that oil should be at $US147 because supply is running out and demand is going through the roof. Morgan Stanley apparently now hires super tankers to cruise the Atlantic filled up with billions of gallo
