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I agree that liquidity is the key.
I would say that IBM is a FINANCIAL commodity just like wheat is an
AGRICULTURAL commodity. Any item that has a willing buyer and a willing
seller can be considered a commodity.
John Carter wrote:
>
> I think that if you want to trade, you need a liquid market. Commodities
> provide, for the most part, a liquid market.
> But I believe that the most important factor is this... No one needs
> shares of IBM, but everyone needs wheat! It's best to trade in things that
> people need.
>
> John Carter
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