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Politics : Idea Of The Day

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To: Tom Trader who wrote (15456)	12/11/1997 6:55:00 AM
From: bob wallace	Read Replies (1) of 50167

Tom - haven't spoken with you for a bit, but I notice from your posts we are both in the same camp - I believe you will get your sharper downturn, and I am not just talking about today in any event, I am wondering if you could help me identify who the "commercial hedgers" are who trade the s&p 500 futures. why would they be long, and why would they be short. I assume that speculators are people like yourself, and large speculators are institutions like mutual funds - I can identify (I think) their reasons for being long or short. Also, would you know which commercial hedgers would trade in the mini s&p contact - somehow that seems conflicted to me <G>

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