Don’t Blame the Shorts. Blame the Longs.

This choice excerpt brought to you by Deal Journal:

Oliver: When the stock collapsed from the high to the low, the public started to blame “the shorts” for that. Is that not a fact?

Whitney: I think from a hindside point of view, they blamed “the shorts.”

Oliver: They blamed the “shorts,” whereas, as a matter of fact, if the prices were inflated, they should have blamed the “longs” for having inflated them?

Whitney: And themselves.

Oliver: But instead of being logical about it, and blaming those who inflated prices, they blamed those who might have deflated them had they the power at that time–that is, the “shorts”?

Whitney: Yes.

Sound familiar?

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