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And one more newbie question.
Here's the chart for the CFE Housing Futures, San Francisco:
http://chartsrdc.cme.com:443/cs/charts.jsp?_symbol=SFR&_month=-1
Ok, so right now, it's trading around 218. But how does that number relate
to the actual Case-Shiller home price index? (They say thats the index on
which the futures are based.) To put it more concretely, if home prices in
San Francisco dropped 20% over the next six months, would that mean that
the CME Housing futures would drop 20% to somewhere around 175?
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Re: "Shorting" the real estate market?
