Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.
Stock markets exist for speculation. If you think shorting is bad google "scalping futures".
I think that's bold. Does speculation occur in the stock market? Yes. Are derivatives of the market such as options, futures, etc. speculative? Yes. To say they EXIST for speculation though I'm not sure I agree with. I think if purchasing stock in a company is "speculative" then so is purchasing real-estate for the purpose of renting it out. So is buying into a franchise restaurant. There's a difference between an investment and speculation (although sometimes this line is somewhat blurry).
While I agree, if long term investment was the primary function for the NYSE we probably wouldn't have the same kind of wall street.