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Replies to post #550609 on Zeev's Turnips Patch-No Politics (ZEEV)

Replies to #550609 on Zeev's Turnips Patch-No Politics (ZEEV)
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Taxmantoo

06/08/07 9:43 AM

#550639 RE: zztops #550609

Note that interest rate arbitrage controls futures prices when the underlying is trading. When the market is closed, the futures prices unhook from fair value and go where traders think the next market open might be.