Hindenburg isn't shorting the market, just individual lying garbage. And anyway, the broader market is being led by only a handful of large stocks. Take out that handful and the markets overall are down significantly.
I don't know how much money Hindenburg spends on their research, but it is not an insignificant sum. And I am sure that for each stock they publish a report on, they have 2 others they spend money on but don't publish, or even short.
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