News Failure (guest: Jason Shapiro)
The Market Huddle
00:00
The Index Arms Take Down the Cash to the Futures Level
We weren't smart enough or even a position to do it the real way. We didn't sell all of them, but I think we sold like whatever 20 or 30 biggest stocks in the index or so. It had to be that they told us that they were going to be done selling the next day. Why don't you think there was like, why didn't the index arms take down the cash to the futures level? I have no idea. Well, they couldn't get their blouses to agree.
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