> unless they've taken out an appropriate corresponding short position against the market Depending on how doomy they are, some pundits very plausibly suggest

> unless they've taken out an appropriate corresponding short position against the market Depending on how doomy they are, some pundits very plausibly suggest how "everything is in a bubble" as a side effect of a ~35-year-running global sovereign bond bubble. Maybe, maybe not, but for those it's prudent to assume shorts won't work as "the markets" won't stay functioning enough to pay out shorts while disintegrating all around everyone at the same time.