In some corners of Wall Street and Washington, short sellers have become about as unpopular as Red Sox fans at Yankee Stadium.
Short sellers, who bet that a stock will fall in value, have made a lot of money lately, especially in the financial sector. On Tuesday, hoping to calm the markets, Securities and Exchange Commission Chairman Christopher Cox announced tighter rules on a certain kind of short selling in a group of 19 stocks.
The merits of that move are being hotly debated. But this much is already clear: Many of the financial stocks covered by Tuesday's action aren't the ones most targeted by short sellers.