Good morning! U.S. stock futures for Thursday, April 30, forecasted a 25-point decline from Wednesday's close. The markets are reacting to shifts in the U.S. dollar and to the Federal Reserve's statements that it will raise interest rates on a meeting-by-meeting basis.
- CRM, BIDU, and XOM Are the Biggest Stocks to Watch Today
- Short Selling in 2013: Why These Billion-Dollar Bets Went Bad – And What's Ahead
Short sellers got burned this year because they forgot these "golden rules" of investing...
If you looked at holdings of hedge fund barons William Ackman and David Einhorn at the start of 2013, it looked like 2013 was a year for short selling.
In December 2012, Ackman placed a $1 billion bet that Herbalife Ltd. (NYSE: HLF), which he calls "a pyramid scheme," would fail. Einhorn bet against Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) back in October 2011.