this is one hell of a gross-down event
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reducing your gross book size i.e. selling your longs and buying back your shorts
brokers can monitor it directly because they see client positions and flows (and they send out color to their clients) or more indirectly you can observe what's happening to the price of consensus longs and shorts
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cool that's what i suspected. what does 'color' mean here? also do you know where i can monitor consensus longs/shorts without BB terminal?
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color == qualitative commentary on what dealers are seeing in their flow, e.g. GS had a note earlier today, saying that yesterday was the 4th straight day of degrossing in US stocks
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