|
The Future Ain't What It Used To Be
07-27-2017, 07:33 AM
|
#1
|
Recycles dryer sheets
Join Date: May 2012
Location: Brewster
Posts: 367
|
The Future Ain't What It Used To Be
I have a stoopid question.
Yesterday, the S&P 500 closed at 2477.83. This morning just before market open, S&P Futures were listed at +6.00, to 2479.50.
When I learned arithmetic, 2477+6=2483. There's clearly some higher order of math going on here, or a fundamental lack of understanding about what Futures are.
Can anyone enlighten me?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-27-2017, 08:37 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Coronado
Posts: 3,655
|
Not an expert, but I think you may be adding +6 to the wrong thing. Find the value of "S&P 500 Futures" at the market close yesterday and add +6 to that.
|
|
|
07-27-2017, 10:27 AM
|
#3
|
gone traveling
Join Date: Oct 2015
Posts: 138
|
Quote:
Originally Posted by Nightcap
When I learned arithmetic...
|
Yeah.
Did they teach back then to add apples to orange peels?
|
|
|
07-27-2017, 10:45 AM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
|
Quote:
Originally Posted by Nightcap
I have a stoopid question.
Yesterday, the S&P 500 closed at 2477.83. This morning just before market open, S&P Futures were listed at +6.00, to 2479.50.
When I learned arithmetic, 2477+6=2483. There's clearly some higher order of math going on here, or a fundamental lack of understanding about what Futures are.
Can anyone enlighten me?
|
When stock flirt with exorbitant CAPE values, the higher order math kicks in.
__________________
Never let yesterday use up too much of today.
W. Rogers
|
|
|
07-28-2017, 07:26 AM
|
#5
|
Recycles dryer sheets
Join Date: May 2012
Location: Brewster
Posts: 367
|
Quote:
Originally Posted by joylesshusband
Yeah.
Did they teach back then to add apples to orange peels?
|
Thank you for taking the time to respond to what is an admittedly stupid question. Am I to take your gnomic answer to mean that there is no connection between S&P Futures and the S&P itself - that the Futures value at the start of the trading day has no relation to how the S&P itself will trade?
|
|
|
07-28-2017, 07:31 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2011
Posts: 8,368
|
Quote:
Originally Posted by Nightcap
Thank you for taking the time to respond to what is an admittedly stupid question. Am I to take your gnomic answer to mean that there is no connection between S&P Futures and the S&P itself - that the Futures value at the start of the trading day has no relation to how the S&P itself will trade?
|
https://www.thestreet.com/story/1208...res-price.html
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
|
|
|
07-28-2017, 08:29 AM
|
#7
|
Recycles dryer sheets
Join Date: May 2012
Location: Brewster
Posts: 367
|
Quote:
Originally Posted by Nemo2
|
Dawn breaks on Marblehead. If I understand correctly, when I look at the S&P Futures price at 6:00 a.m., it is the price people are willing to sell the right to buy (or sell) the S&P 500 in September. It's not about today's trading, it's about what the seller (or buyer) thinks will happen between today and September. Is that right?
There's a reason the bulk of my half-vast fortune is in no-brainer Vanguard funds...
|
|
|
07-28-2017, 08:37 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2011
Posts: 8,368
|
Quote:
Originally Posted by Nightcap
it's about what the seller (or buyer) thinks will happen
|
I think much is based on 'perception'; whether said perception is accurate or inaccurate is a whole 'nother issue.
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|