Wells Fargo equity chief: Shorting anything is 'playing with fire'

Business Insider | 7/11/2017 | Jacqui Frank and Joe Ciolli
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John Manley, chief US equity strategist for Wells Fargo Funds, spoke to Business Insider on July 11, 2017, where he discussed his views on shorting stocks, and explained why a healthy dose of pessimism is always good for an investor. Following is a transcript of the video.

Joe Ciolli: So on the topic of crowded trades, there's also the low volatility trade. People betting that the market isn’t going to go anywhere. That's been a very popular trade. We've seen, you know, a lot of people piling into sort of these VIX ETFs and shorting them. That’s also been kind of highlighted as maybe a potential disaster, in the waiting, for the market, if that were to unwind if we were to get some price swings. Are you afraid of the low volatility trade? Is that also an overcrowded trade that maybe inspires some uncertainty?

John - Manley

John Manley: Well, you worry...
(Excerpt) Read more at: Business Insider
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