Aluminium Short-Sellers? Not The Villains This Time

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Fri, Oct 14, 2011
Aluminum Market News
Post by , Aluminum Researcher

Reuters reported that Alcoa’s (NYSE:AA) chief executive has blamed short-selling for a big fall in the price of Aluminum and with it the company’s share price.

As quoted in the market news:

Short selling is a common way for hedge funds and other investors to bet on falling commodities or shares prices.

“They are betting against aluminum as a proxy for betting against the global economy,” Klaus Kleinfeld said this week, warning of “very offensive short-selling going on by speculators”.

Click here to read the full Reuters report

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    The money managers who picked the global stock market bottom say now is no time to sell as the biggest equity rally since 1955 starts its third year,” reports Bloomberg, naming two asset managers who either told clients to buy or piled them into the S&P roundabout two years ago (Laszlo Birinyi and Barton Biggs), as well as…erm…Ken Fisher, the Forbes’ columnist who’s motto pretty much remains “You gotta be in it to win it!” when it comes to stocks.

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