Can someone explain to me why short selling provides any valuable service to a market? With put options readily available, why should shorts be allowed to exist?
Why does gambling? Or anything else that is basically passive income that is the stock market. Kind of the natural result of the way it works (right now) iyam.
Gambling is illegal in many places and most passive income from the market is basically like a return from a business loan.
I don't disagree with the premises of any of that, just this goes back to where value comes from, and while I play the boring long con of the market like most low info guys, to me true value comes from the labor and work put
into something. So to answer pete's question about what value short selling provides, the answer is none, same with any form of gambling, which shorting in a lot of ways is. I'm not debating whether it should be legal or not, just any of this stuff is not value driven growth or wealth (very obviously), but it sure as crap happens all over the place, not just these robinhooders.
The original premise of a stock market, where people own shares in a company to help infuse it with extra capital to go and grow and then they pay you, the owner for pushing money into them, a dividend or you sell at a higher price, of course it passive income like a loan, you did after all "loan" them money to go build their business and you aren't doing the work, they are. I am just saying you aren't providing value, the business, who does the work is, and the stock market simply at this point has been perverted so much it doesn't reflect what true value is, (see Tesla)
