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Good Morning Everyone:
I currently do not trade in the Futures Market, but have one question for now.
I hope someone can help me to better understand this point.
Every morning I listen to BLOOMBERG radio and I hear the announcer talk about
where the futures market stands, relative to overnight trading. He generally
makes a comment like: "... futures are up 5 points; that's 3 points above
fair value. This indicates a very strong opening on Wall Street."
I hate to waste anyones time, but if someone would please help me understand
"fair value" I would really appreciate it. I can't seem to understand what
the relationship is here.
Thanks ahead of time!
Doug (Bush)
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