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Re: S&P 500 contract confusion



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At 08:15 PM 07/13/1999 -0600, you wrote:
>Can someone e-mail me back the S&P500 futures specs for the full contract 
>and the e-mini?  I have been reading George Angell's books, and he always 
>says that 1pt = $500, but my broker tells me 1pt = $250 (I am referring 
>to a point as a full pt. ie: 1401 to 1402 for instance).

****When Angell wrote whatever books you are reading a full point was $500.
Now it's $250 per full point.
>
>My broker also told me that the e-mini per full pt. is only $50, but some 
>of my books say $100.

****Same situation here. E-mini is now $50 per full point.

>
>I thought I was starting to know a lot, now when I get conflicting 
>information from supposed authorities in the industry I'm really starting 
>to wonder.

****Stay humble or the market will do it for (to) you.
>
>Help appreciated.
>

Best, 

FPI

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