too many people on the same side of the boat? we might see a reaction the other way soon.
Some one please enlighten me. How can the market as a whole be net short. For every trade there is a buyer and a seller, right?????
Ive always thought net long/short referred to either commercial or retail positions. One of those being the "net" part while the other holding the other side resulting in a cumulative net 0.
Is that anywhere close to an accurate description ,Guys?
I think the smart guys are the commercials but they seem to be on the losing side of the direction-it serves their purpose of hedging however.
Then there are the large Specs.
I dunno- I just go from job to job.
I am rather sure, they are referring to the positions of large traders vs small traders.