"People need to study their facts" before criticizing speculators, CME chairman Terry Duffy says...

|About: CME Group Inc. (CME)|By:, SA News Editor

"People need to study their facts" before criticizing speculators, CME chairman Terry Duffy says in response to Pres. Obama's blaming traders for driving fuel prices higher. Speculators provide vital liquidity to markets: "When the Dow goes above 13,000, Google goes above $600/share and everybody celebrates, who do you think did that? The U.S. equity market is 100% speculators."