futures crashing post market ?

oktiri · Nov 14, 2008

I have YM 8357 ?? WTF

bond tr4der · Nov 14, 2008

yup

closed till Monday

forex-forex · Nov 14, 2008

Quote from oktiri:

I have YM 8357 ?? WTF

Minus 14. That's no big deal, I wouldn't call it a post market "crash".

oktiri · Nov 14, 2008

Quote from bond tr4der:

yup

closed till Monday

but that's 100 below fair value. why ?
if anything any G20 reoslution should push stocks higher

kxvid · Nov 14, 2008

Its not a crash at just 100 points below fair value. Futures usually overextend the days trading after hours, so not surprising.
Also YM trades on Sunday people.

nhorob · Nov 14, 2008

Because they are futures. If they stay at a large negative FV, the cash markets will open lower on Monday.

forex-forex · Nov 14, 2008

Quote from nhorob:

Because they are futures. If they stay at a large negative FV, the cash markets will open lower on Monday.

What is FV?

BlindLemonBoosh · Nov 14, 2008

FV is a reference to 'Fair value'.

Susannah · Nov 14, 2008

fair value - what the cash index closed at