Glenn A Knight

Glenn A Knight
In my study

Friday, March 26, 2010

Don't Sell Obama Short

Those of you who aren't into the stock market (not that I am, really) may not be perfectly clear on the term "to short." This used to be expressed as "to sell short," and what it means is to bet that a stock, a bond, or another security or commodity will go down in price. The short seller makes money by promising to sell someone a stock at some point in the future at a specified price, hoping that the market price will be even lower when the time comes to deliver the stock.

In this article, Daniel Gross talks about people who have been "shorting" Obama, both literally and figuratively, and how that has not been a good bet. Enjoy!

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