Mosh

Trading the Exchanges: CME Group

Sorry to ruin the euphoria of the article but there is a good chance that CME can go down further from here. If we’re entering a deep recession period then markets will be DEAD in 2009 and even further. The big and cheap money is gone for now. Many hedge funds are gone and of course all the investment banks. Who’s exactly going to generate the revenues for CME and other exchanges? Do you remember the anemic volume of 2002 recession? The recession now is far more severe. If things get worse, CME can see $100 and lower. I really don’t see a recession to buy it besides trying to guess where the bottom is. Usually that method doesn’t work that good.