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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (71596)12/8/1999 5:48:00 PM
From: Broken_Clock  Read Replies (1) of 132070
 
MB,
As a fundamentals type of guy, whats your comment on Kaplan's comment today re: Exchange Seat pricing?
TIA
<<THOUGHT OF THE DAY: Seat prices are dropping sharply at most major U.S. financial
exchanges. For example, the record high price at the American Stock Exchange was
$670,000 on May 27; the most recent sale was at $495,000 on November 5, and the
current bid/ask is $390,000 bid, $475,000 asked. This is historically a reliable
leading indicator for the stock market.
In addition, the index put-call ratio
touched 0.58 at 12:17:02 p.m. EST. This is the lowest such afternoon reading since
the summer of 1987. >>
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