10/05/2005

Price of crude: answer to a few emails asking why I will say crude is down $2 but when they look at it at 12:30 PM PDT it's only down twenty cents? Between the hours of 9AM EDT and 3PM EDT the market trading is NYMEX in New York. When they close you are getting after market quotes til Sydney opens; then Hong Kong; then Europe. New York and London are most active markets but you can get a real surprise out of Asian markets, that's why you must trade a global contract.

2 comments:

Tracy Coyle said...

It didn't seem you had a comment link for the Cosacks picture, but here is my offer for a caption:

Interest groups line up to add write-in candidate for Supreme Court...

Howard said...

Thanx Tracy: I have posted your comment in the correct place AND turned on the comments.