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Politics : Idea Of The Day

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To: JDinBaltimore who wrote (30640)	2/4/2000 10:41:00 AM
From: Lee	Read Replies (2) of 50167

John,..Re:. seen the spx lead the SPH? Ike talked about this back in fall of '97 or early '98. On futures contracts it's called backwardation. investorwords.com backwardation A market condition in which a futures price is lower in the distant delivery months than in the near delivery months. see also contango. Cheers, Lee

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