Uh, plenty of people knew this was gonna happen with the benefit of foresight. The problem is that short-selling is a risky position because your losses are unb

Uh, plenty of people knew this was gonna happen with the benefit of foresight. The problem is that short-selling is a risky position because your losses are unbounded, which means that 1) it's harder to do than taking a long position, and 2) it's possible for even a correct short bet to lose money due to volatility.