CME Hikes S&P 500, Dow Jones, Nasdaq E-Mini Margins By 9%
Remember when the CME and the administration punished speculative gold longs in 2011, and crude longs in 2012 by hiking or warning to hike margins beyond the breaking point for levered holders of futures contracts? It works for stocks as well. Last night, the CME may have taken Obama's warning to the market a little too seriously, and announced a hike in the core E-Mini futures contracts of about 9% across the board for initial and maintenance margin requirements. Has Obama officially launched a war on Wall Street until it plunges to prove to Republicans just how serious "all this" is?
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