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Wednesday, September 01, 2004

IEM Irregularities 

I keep touting how great the IEM is, but Mr. Reynolds and a reader of his have enlightened me to the fact that the way that the final price for the day is determined is quite screwy. Guess I might need to look at more than one electronic market to get a better picture.

UPDATE: Could Enron Veterans for Truth have anything to do with this?

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