(Bloomberg) -- Hedge funds are short-selling
Standard & Poor's 500 Index futures by the most in three years, a
Merrill Lynch & Co. analyst said, and recommended investors buy
the securities before the funds have to settle their obligations.
``Large speculators'' had the biggest short-interest
position on the contracts in the week through July 3 since mid-
2004, Mary Ann Bartels, Merrill's chief market analyst, wrote in
a report to clients today. The bets, which speculate that the
index is going to fall, require about $45 billion to buy back
the securities for reimbursement, she estimated.
Read more at Bloomberg Stocks News
Standard & Poor's 500 Index futures by the most in three years, a
Merrill Lynch & Co. analyst said, and recommended investors buy
the securities before the funds have to settle their obligations.
``Large speculators'' had the biggest short-interest
position on the contracts in the week through July 3 since mid-
2004, Mary Ann Bartels, Merrill's chief market analyst, wrote in
a report to clients today. The bets, which speculate that the
index is going to fall, require about $45 billion to buy back
the securities for reimbursement, she estimated.
Read more at Bloomberg Stocks News
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