So with all the world going long the equity markets - funds, banks, retail, and even the sheeple - and making the fortunes of their lives right now... who's on the other side of these trades? For the first time in... ever?... the sheeple are the ones making a killing, rather than the ones getting killed. You can throw a dart the WSJ and make money in this market, and that's what everyone is doing (even people I know that don't have a clue but trading or investing). So I ask myself, who's losing, if not the sheeple?