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Stock market shorts are getting their faces ripped off

Short sellers are getting crushed in the US equity market with an index of the Russell 3000's most-shorted stocks sitting at the highest in almost two years.

Arnold Schwarzenegger as the Terminator, Madame Tussauds wax museum. It is a major tourist attraction in London

With all three major US indexes hovering near record highs, it's been a great time to be a stock trader.

On the other end of the spectrum, stock bulls are still out in full force. Hedge funds and large speculators are positioned close to the most bullish since September, d

Wall Street is similarly optimistic. Strategists see the S&P 500 grinding 1.4% higher from Tuesday's close through year-end, according to a 19-person survey conducted by Bloomberg.

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