Despite 22% Losses, Many Short Sellers Stick To Their Guns

This year has been a difficult one for shortsellers, but that has been the state of affairs for bearish investors for a long time. Following through with short bets to get to profits takes more patience than long positions anyway, and the added exuberance of bull markets is not exactly helping the cause of bearish investors.

The Credit Suisse Hedge Index has recorded a lower than 5% detraction in three of the nine months that ended this September. The CS Short Bias Hedge Index is down 21.9% so far this year and has recorded a single gaining month in June when it was up 0.81%.