Re: who really owns the markets
Mkts can make us feel helpless but in fact NOI ONE owns the mkts.
Anyone taht thinks they do, soon is NO more, see HUNT brothers 1980.
Being large is a disadvantage. If I go shrot 6 WN, mkt accomodates me easily even if it was 50 WN,
but a 5 B$ fund taht wants shoirt SRW exposure, hs to PAY up, the mkt wull move 10 cents as he gets his
2000 contracts on,, that id 500$ per contarct. similar to paying a huge commission.
The mkt is the collective, we bug guys, commercials.
Mkts are about hehavior, we need to do behavior analysis.
Old crop corn, a string of VERY high farm income yrs =s farmers whose brain imprint says HOLD some,
and they can afford teeh risk ,so farm hoilding is high relative toi ES,
which is bearish. The old crop needs to mive and bingo, all teh suddent it buts down.
IE next week >