Too short?

Too short?


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CDS margins revisited in wake of downside speculative bubble

Concerns that short-selling is damaging the fabric of the CDS markets are being ever-more widely voiced. However, experienced investors see such activity as intrinsic to market flows.

"While spreads were closing in at zero, everyone was happy. Now that spreads are wider and some players have had their fingers burnt, the short sellers are suddenly seen as evil," says one New York-based hedge fund manager.

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