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Why does the future market move so fast
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and why is it such a popular instrument?
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I think the main reason is that it is a market that--
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it's like a wholesale market for antiques
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rather than the local antique dealer.
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If you went to an antique dealer in New Haven
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to try to buy some furniture for your apartment
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who knows what price you would get;
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it would be very erratic and
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you'd be dealing one-on-one with the dealer.
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Well, that's what happens in the futures--
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in the stock market as well.