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Mark:
I'll bite. Since there were no S&P futures circa 1970 margins
would be 50% of actual stocks, i.e. $700 gets $1400 (1/2). Margins now @
$20K trades $281K (1/14). I didn't trade futures then, but I think
Corn and Bean margins aren't that different, and the actual $ values in Corn
and Beans are only about double what they were then.
Those guys did have the benefit of some awesome rallies in the
grains, but the same could be said in the 1990's of the stock index moves.
Probably I don't know what you mean,
BW
>From: Mark Brown <markbrown@xxxxxxxxxxxxx>
>Reply-To: Mark Brown <markbrown@xxxxxxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>Subject: Re[2]: Under financed trader seeking solutions to trigger pulling
>issue
>Date: Thu, 18 Apr 2002 12:29:22 -0500
>
>Hello Gary,
>
>but the required margin has exponentially increased so by my estimate
>the 700 for say an sp would be worth about 65,000 now. if i need to i
>will explain further.
>
>GF> So maybe he started out with the equivalent of $3-4k today. That's
>GF> still a pretty skinny account.
>
>GF> Gary
>
>
>
>--
>Best regards,
> Mark mailto:markbrown@xxxxxxxxxxxxx
>
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