"The size of the world stock market was estimated at about $36.6 trillion at the beginning of October 2008.[1] The total world derivatives market has been estimated at about $791 trillion face or nominal value,[2] 11 times the size of the entire world economy.[3] The value of the derivatives market, because it is stated in terms of notional values, cannot be directly compared to a stock or a fixed income security, which traditionally refers to an actual value. Moreover, the vast majority of derivatives 'cancel' each other out (i.e., a derivative 'bet' on an event occurring is offset by a comparable derivative 'bet' on the event not occurring). Many such relatively illiquid securities are valued as marked to model, rather than an actual market price." Wikipedia
Thursday’s Close:
- Dow+66.19
14,963.74
+0.44%
- Nasdaq+38.92
3,638.71
+1.08%
- S&P+14.16
1,656.96
+0.86%
Study the market...
Before you drop a dime,
Know the market,
Big RISK,
Volatility,
Huge Reward,
But there is a chance of a loss...
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