Argyle's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/191771/comments http://seekingalpha.com/article/79277-index-speculators-responsible-for-commodity-prices?source=feed#comment-176029 176029
"There is a crucial distinction between Traditional Speculators and Index Speculators: Traditional Speculators provide liquidity by both buying and selling futures. Index Speculators buy futures and then roll their positions by buying calendar spreads. They never sell."

If you buy a calendar spread you have effectively taken both a long and a short position, else no spread. Saying they never sell may be correct on some level, but ultimately, when you need to be both long and short in order to create a spread, saying you never sold seems a distinction without a difference.]]> Thu, 29 May 2008 11:42:50 -0400
"There is a crucial distinction between Traditional Speculators and Index Speculators: Traditional Speculators provide liquidity by both buying and selling futures. Index Speculators buy futures and then roll their positions by buying calendar spreads. They never sell."

If you buy a calendar spread you have effectively taken both a long and a short position, else no spread. Saying they never sell may be correct on some level, but ultimately, when you need to be both long and short in order to create a spread, saying you never sold seems a distinction without a difference.]]> http://seekingalpha.com/article/76673-should-we-force-a-housing-bottom?source=feed#comment-165605 165605
Interest rate increases are the medicine that nobody wants to swallow. Just how far are prices likely to fall when the real cost of money is so darn cheap?]]> Sat, 10 May 2008 20:17:35 -0400
Interest rate increases are the medicine that nobody wants to swallow. Just how far are prices likely to fall when the real cost of money is so darn cheap?]]>