Quote:
Originally posted by tabs
Wayne the Fed also raised the MARGIN rates for OIL and the Metals, that means the easy money has left the building so it is no longer as profitable to speculate on Oil futures. That is the real cause here.
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tabs, can you point me to a link? I have been looking for this news and can't find it.
I had thought the margin requirements were set by each exchange although I guess the Fed could in turn be directing the exchanges.
I'm quite interested in this topic since if oil goes to $35/bbl in the next 2 years then why bother shorting the homebuilders, just do a pair trade short OSX and long NDX, or just short OSX.
But I'm not convinced enough - trying to get there.