On Apr 11, 2011, at 12:06 PM, Doug Henwood wrote:
>
> On Apr 11, 2011, at 11:59 AM, Shane Mage wrote:
>
>> Every position has two sides. The same graph would show an
>> identical correlation
>> between the number of short positions by index traders and IMF food
>> price index.
>
> Of course, price and open interest don't count for anything, right?
An open long interest has an equal open short interest on the other
side.
Price counts for many things--but whatever the price the identity of
long and short intersts remains.
Shane Mage
"All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods."
Herakleitos of Ephesos, fr, 90