Shorts or naked shorts...I'd be fun if everyone would make sure that the market would be functionning in a way that wild swings like we see here would only be caused by a company's results and nothing else.
See this on shorts::
Full article on CNN
https://www.cnn.com/2023/05/11/investing/jamie-dimon-trump-banks-debt-ceiling/index.html:
..The Biden administration has recently pointed fingers at short-sellers who bet against the banks and profited when they fell.
White House Press Secretary Karine Jean-Pierre told reporters during a press briefing last week that the administration is “going to closely monitor the market developments, including the short-selling pressures…on healthy banks.”
Securities and Exchange Commission Chair Gary Gensler said in a statement that his agency is focused on finding “any form of misconduct” that threatens investors and capital markets.
Dimon said on Thursday that the SEC has the enforcement capability to look at “what people are doing, by name, in options, derivatives and short sales.”
If someone is doing something wrong like colluding or tweeting about a bank after short-selling its stock, the SEC “should go after them, and vigorously,” said Dimon. “They should be punished to the full extent that the law allows it.”