Muddy Waters founder Carson Block thinks that short sellers play a vital role in curbing market fraud, noting that the ongoing bull run is posing significant challenges for them. This comes when Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has warned he will “obliterate” those betting against his EV company.
What Happened: Block believes the market needs short sellers now more than ever due to the increasing number of companies manipulating their financials. Yet, the current speculative frenzy makes it difficult for short sellers to operate effectively, he said in an interview with Bloomberg.
“There are more companies playing more games. A lot of them are in the gray zone; you don’t know whether it’s over the line or not,” Block said.
“So they’re not gonna get prosecuted in this environment.”
“The market needs short sellers more than ever, given the amount of games that are being played. But …
Full story available on Benzinga.com
Muddy Waters founder Carson Block thinks that short sellers play a vital role in curbing market fraud, noting that the ongoing bull run is posing significant challenges for them. This comes when Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has warned he will “obliterate” those betting against his EV company.
What Happened: Block believes the market needs short sellers now more than ever due to the increasing number of companies manipulating their financials. Yet, the current speculative frenzy makes it difficult for short sellers to operate effectively, he said in an interview with Bloomberg.
“There are more companies playing more games. A lot of them are in the gray zone; you don’t know whether it’s over the line or not,” Block said.
“So they’re not gonna get prosecuted in this environment.”
“The market needs short sellers more than ever, given the amount of games that are being played. But …
Full story available on Benzinga.com
Muddy Waters founder Carson Block thinks that short sellers play a vital role in curbing market fraud, noting that the ongoing bull run is posing significant challenges for them. This comes when Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has warned he will “obliterate” those betting against his EV company.
What Happened: Block believes the market needs short sellers now more than ever due to the increasing number of companies manipulating their financials. Yet, the current speculative frenzy makes it difficult for short sellers to operate effectively, he said in an interview with Bloomberg.
“There are more companies playing more games. A lot of them are in the gray zone; you don’t know whether it’s over the line or not,” Block said.
“So they’re not gonna get prosecuted in this environment.”
“The market needs short sellers more than ever, given the amount of games that are being played. But …Full story available on Benzinga.com Read MoreCarson Block, Elon Musk, Jim Chanos, Muddy Waters, News, Short Sellers, TSLA, Markets, TSLA, US88160R1014, News, Short Sellers, Markets, Benzinga Markets
