Economic storm brewing in America

[Charles Mackay]

Re: S&P EURO futures

Can you post a link to the contract specs?

Are you sure this contract isn't a "quanto", where the contract is based on the S&P in USD terms, but pays out in Euros?

In that case you will NOT be hedging against a dollar decline.

Yeah, here you go... here are the specs on that contract.
http://www.borsaitaliana.it/quotazio...futures.en.htm

[jk]

Re: S&P EURO futures

Yeah, here you go... here are the specs on that contract.
http://www.borsaitaliana.it/quotazio...futures.en.htm

"The S&P/MIB index shows the trend of national and foreign equities listed on the Italian Stock Exchange, which are selected on the basis of their liquidity, free float and sectoral representation. From 20 September 2004, S&P/MIB is the new benchmark for the Italian stock market and is the only underlying index for derivatives products."

s&p publishes a lot of indicies. they are not all the s&p index of 500 large cap u.s. firms. there's a reason the contract you cited is traded in italy. it represents italin stocks.

[Charles Mackay]

Re: Economic storm brewing in America

jk, yes, I see you are right on that contract. I thought they also did a US S&P500 ... I'll do a little more research and report back.

[bart]

Re: Economic storm brewing in America

This seemed as good as any thread for some new charts, etc. I found a few extra hours and finally finished the first cut of my "intervention" page.
http://www.NowAndFutures.com/intervention.html

It covers the major Fed "hot money" areas - temp repos (TOMOs), coupon passes (POMOs), treasury repos (TIOs), custodials, securities lending, etc. - and plots them against the S&P 500, 10 year Treasuries, gold, oil, etc.

No opinions, just raw facts... a viewer doesn't have to know what the various items are in order to draw valid and hopefully useful conclusions.


Here's a sample showing the S&P 500: