Shorters didn't take a million off your paper fortune. That's crazy talk. The market was going to sell down whether shorters did it or not, it was simply the right thing to do - to exit equities in a monetary tightening environment.
EVERYONE (the Govt, bankers, economists, you name it) quite literally were telling "the market" (which is by the way means you and I - we are part of the market ) to move to cash for a safer investment (as per normal economic practise) during such an environment and you did what? Believe in a stock with hand on your heart it will fly to the moon (?) despite your financial advisers' advice? Who's to blame for that, short sellers?? Come off it mate. F*** knows how you come to that conclusion.
Please speak to a professional, perhaps you might learn a thing or two.
For context, this is my career. M&A is my bread and butter. I'm also older than your oldest Boomer. Pretty sure I know what I'm talking about. And I'm not here to argue with you or anyone.
Seriously though you speak as if the system is broken like some dumb conspiracy theorist American fighting Wall Street. We're not on Wall St. If you think the system is broken, especially Australian stock market (ASX is not the only one we have), I highly recommend get off the conspiracy theorist bandwagon or otherwise get out of the stock market. It's that simple.
The about face in stocks from bear to bull is much more caused by forecasting of monetary loosening next year and the mining companies gets a leg up because of COP28. Nothing more. Nothing less. Now those "shorters" you speak off are the same people who will be buying up the stocks you hold in such high regard, and if you're smart enough to have held then you'll see your much loved million back again in a few months or year from now.
Shall I recommend a book? Or economics 101 good enough of a suggestion?
Again, no offence intended. Just facts.
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