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posted by n1 on Tuesday August 16 2016, @01:53AM   Printer-friendly
from the money-for-nothing dept.

Reuters and Yahoo Finance report that the Dow 30 NASDAQ and S&P 500 stock indexes all reached record high levels on Monday. According to Yahoo this last occurred in 1999.

Reuters cited as possible factors speculation that the central bank will not soon raise interest rates, rising oil prices due to speculation that oil producers may cut production, and a Bureau of Labor Statistics report issued earlier in the month.


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  • (Score: 2, Informative) by Francis on Tuesday August 16 2016, @01:42PM

    by Francis (5544) on Tuesday August 16 2016, @01:42PM (#388671)

    That's how that works. If you buy a certain number of futures in pork bellies or corn futures and you still hold the contract on the day that they deliver they will quite literally drop off how ever much of it you own. There's no way that you could be made to take delivery and store them before they've even been produced.

    Futures themselves aren't evil, they're an incredibly useful tool for farmers in managing their risks.

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  • (Score: 3, Insightful) by HiThere on Tuesday August 16 2016, @07:04PM

    by HiThere (866) Subscriber Badge on Tuesday August 16 2016, @07:04PM (#388795) Journal

    Futures and commodity trading aren't inherently evil, but the current system is, especially high speed trading. So is anything that allows one to "corner the market". Monopolies of any sort can never be trusted, and that's essentially paying extra to create a monopoly that you can abuse, i.e. for the purpose of abusing it.

    --
    Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.