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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robnhood who wrote (17173)4/24/1998 8:45:00 AM
From: James F. Hopkins  Respond to of 94695
 
RRman; I got you so after june that 8m will change..and they will
look to sept . like this is the futures contract ?
I'v never traded futures and the only one I'v tracked is the S&P500
& GOLD , SILVER, but not to trade them.
Trading futures I'm sure is over my head , and beyond my risk level.
On the one hand it fascinates me, however I'm not blind to the fact
that the way they are leveraged this will in time lead to some
extream inflation or a collapse. It does no good to argue the point
as they have built all the check and balance into their arguments,
but live in denial that for the checks and balances to work,
some body will have to have the "real" money to cover the
positions at some point and time, and that real money might
not be there when the time comes or it can get devalued so much
that along with debt not being servised, the future contract
may not get serviced. ( don't forget what happen to copper not
long go )..the Banks in Japan that have had huge problems say
bad loans, but beyound that was holding future contracts on their
books they also could not collect on, they don't want to talk
about taht. In effect most of it is just a way to conterfit
money that is for the time being legal. Inflate , Inflate per
chance to dream, but what dreams we fly off unto we know not
of..

Jim