Gotcha, now it makes sense.
To continue our conversation without getting sidetracked, I think there is real merit in looking at the strange financial instruments which comprise much of the market today.
Besides short selling (which took me days to understand) we have these bundled mortgage notes which are split up, weird combinations of stocks in strange mutual funds, and all sorts of things which look to me as nothing more than a fancy substitute for off-track betting.
Stocks I understand. Bank accounts I understand. A note based on betting whether a Chinese company will fail seems a little chancy to me. This is probably why I am not working on Wall Street.