Oh, great. So spam's a commodity now? WTF!?!

[mr_hat]

FOR IMMEDIATE RELEASE

Chicago, May 17, 2005 – The Board of Directors of the Chicago Mercantile Exchange (CME) announced today that Internet “spam” (unsolicited email) would become the latest commodity to be traded on the exchange.

Trading for spam futures contracts (SPM) will commence June 1, 2005. Contract size is set at per-1,000,000 emails sent.

“Spam, like gold, heating oil and pork bellies, is a volatile commodity,” said Terrence A. Duffy, chairman of the board.

“Our floor traders and our investors at large are excited to step into the breach to provide liquidity and assure spam producers a set-price at a given date.”

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The Chicago Mercantile Exchange Inc. launched the first successful stock index futures contracts on the S&P 500 in 1982. Today, CME trades futures and futures options on indexes including the S&P 500, Nasdaq-100, S&P MidCap 400, Russell 2000, FORTUNE e-50(TM), S&P/BARRA Growth and Value Indexes, and Nikkei 225, as well as its electronically traded E-mini S&P 500 and E-mini Nasdaq-100 contracts.

[Deja Q]

1. I didn't know oil was a commodity, easily exploited and disposed of.

I mean, we need it for heat, transport, food, electricity...