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To: Cynic 2005 who wrote (15999)	1/22/1999 11:14:00 AM
From: Thomas M.	Read Replies (2) of 86076

You might be interested in this week's Striking Price (?), the options column in Barron's, if you have not already seen it. Apparently, for a long time, VIX has been understating volatility levels in options. However, recently it has begun to overstate. The point was that fear levels are not as high now as the VIX is implying. Tom

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