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why did the ticker CME go up so much so fast?
- Thread starter NYC212
- Start date
Study long cycle, emerging franchise businesses that are well run. The pipeline is full of products and the one laggard, interest rate contracts are poised to explode in volume. Bull or bear cme will outperform from $200. $440-450 by years end.
Quote from NYC212:
I cannot figure it out. Yes I know the market went way up but cannot figure why CME went though the roof today. Any info on way this stock moved so much and what are the main factors that push it around?
thanks
My best guess would be the momentum behind their CDS clearing...perhaps they wrangled up a few significant players.
http://www.reuters.com/article/marketsNews/idINN1942824520090319?rpc=44
Good Trading,
BYF
Quote from startraitor:
Study long cycle, emerging franchise businesses that are well run. The pipeline is full of products and the one laggard, interest rate contracts are poised to explode in volume. Bull or bear cme will outperform from $200. $440-450 by years end.
Thank you for the answer
Similar to reason to BuyYourFreedom's post...
"CME Group (CME) popped 15%. The Chicago-based clearinghouse was recently approved for guaranteeing credit-default swaps and could experience a volume increase on government bailout plans. - Huge bull tapes are usually pretty good for stocks that are exchange related, says Karen Finerman."
- On high volume too.
http://www.cnbc.com/id/29838282
"CME Group (CME) popped 15%. The Chicago-based clearinghouse was recently approved for guaranteeing credit-default swaps and could experience a volume increase on government bailout plans. - Huge bull tapes are usually pretty good for stocks that are exchange related, says Karen Finerman."
- On high volume too.
http://www.cnbc.com/id/29838282