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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Win-Lose-Draw who wrote (227110)3/11/2003 10:42:08 AM
From: yard_man  Read Replies (1) of 436258
 
>>so precisely defined the arbitrage AIs would suck away any "optimism" premie before it could develop<<

not sure I believe that. Even computers would have trouble doing that in size, IMO. Gaps in prices happen -- and the ETF's near the open and close probably get quite a bit of a discount or premie, I'd bet
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