Frankly, that hasn't been my experience.
And yes - shorting is not the only factor - that much is obvious. And yet much of what I noted is fact.
And if shorting doesn't make the SP decline it would be a thoroughly self defeating strategy. Shorting relies on a SP decline! That's what shorting is!
Or, do you suppose fund managers bet large sums of money (other people's) on a shaky and or retreating SP and simply cross their fingers and toes to see which way the SP goes?
Lastly, who has the financial clout to call a UBS 'bluff'?
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