The market is forward looking. If you short when it's obvious to everyone, it will already be at the bottom. Clearly, shorting now or a few months ago would hav

The market is forward looking. If you short when it's obvious to everyone, it will already be at the bottom. Clearly, shorting now or a few months ago would have been the correct move. The market has predicted that their outsized quarterly profits are the last they'll report for some time, hence the selloff.