when you first read it did you find yourself nodding your head and subconsciously agreeing that the future is likely to be bearish? When I first read it, I actually stopped during the initial question, and wondered, did "the Index guys" really "forever change the market place"? I looked forward to discussion about that question, and to a comparison of the effect of individual stock futures with the effect of previous product innovations.When the answer (1) didn't address whether the index guys really did forever change the marketplace, and (2) focused on how bad the market is rather than discussing the single-stock futures product at all, the piece lost credibility with me.As is often the case with publicly-available "analysis", the piece raised more questions in my mind than it purported to answer. Quite in line with my cynical nature. Thanks for the breakdown, solasis - it was enlightening and can be applied to pretty much any article that you see these days.dan
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