Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (54547)	8/9/2006 7:29:53 PM
From: regli	Respond to of 116555

It is quite disconcerting that these changes were made without big fanfare and without explaining what the methodology is behind them. "# The change makes commercial traders – the so-called smart money – look $10.7 billion less bearish than they would otherwise have done. Anybody not reading the fine print might well interpret the move as a great big fat buy signal, coincidentally timed for moment when the stock market is obviously struggling. # The change was implemented in the midst of a comprehensive review of the COT reporting program intended to, most relevantly, lay out various issues and questions regarding the reports, and solicit public comment regarding the reports, including suggestions for possible changes in the COT reporting system. Which does rather raise the question as to why this particular change had to be made now rather than, say, six months ago, or in the wash-up that will doubtless follow the comprehensive review. # The CFTC admirably claims to be striving “both to maintain an information system that reflects changing market conditions, and to provide the public with useful information regarding futures and option markets.”