Crying Wolf has no Impact on the Markets
In the world of financial markets, the concept of revenge often emerges as a double-edged sword. When a short seller relentlessly pursues allegations against a company, it frequently reveals more about their desperation than the actual worth of the stock in question. The market, with its innate ability to serve cold dishes, sometimes leaves those betting on a downfall watching in frustration as their efforts elicit little to no reaction. This scenario is playing out, as the US-based research firm Hindenburg’s second attempt to ‘hit and run’ has encountered significant resistance.