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Re: Marxist Fianancial Advice

Daniel Davies wrote:

That point (which is, incredibly, very well established and true) is that
40% of the entire volatility of the NYMEX contract in September Frozen
Concentrated Orange Juice occurs in the single day on which the Department
of Agriculture releases its forecasts for orange production.  I just can't
for the life of me see how this factoid is at all consistent with the FCOJ
futures market having any information advantage over the US government.


Surely you've read, or read about, the paper (I think by Richard
Roll) claiming the OJ futures market is better at predicting the
weather than the U.S. Weather Service?

Doug

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