/biz/ - Business & Finance

>>10538828
>>10538839
It is a necessary evil in this market to have a set of people that question the validity of upward momentum and provide a challenge to irrational exuberance.
Without short sellers and put contracts; we would only go up and up and up until everybody was bought in; then we'd go very far down.

Bears aren't long term holders; and it's harder to be a bear in a market with a large amount of liquidity, more willing buyers to drive the price up.