We’ve seen this Margin movie before over the years. After the 1987 crash the CME margin requirements

to protect the clearing members from lunatic runaway speculation left just a handful of

guys left trading Spu in the pit..Those guys made a lot of money because they were the only game left in town.

In short, if you can’t handle the equity check you should not be trading the instrument.

I want to add another piece to the TBT today as close to the 129.15 area in the 30 yr. futures as possible.

I am hoping for a little rally back up in the 30 yr. to buy more TBT.