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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: SteveC who wrote (106135)4/16/2000 9:03:00 PM
From: Mani1  Read Replies (2) | Respond to of 1574005
 
Hi Steve

Re <<Mani, Can you help me with these numbers? What do they mean in terms of how far down (in percentage terms) the indexes would be right now?>>

First keep in mind that the changes (in this case negative and red) are for the futures and not the real index (or cash value).

Currently NASDAQ 100 is down, 8250. That means it is down 82.50 or about 2.5%. The futures are fairly accurate in predicting the market opening. If the market was going to open now, it would open with NASDAQ down more than 80. Not good.

But keep in mind, that the futures can move substantially by the actual market open, so for example, if the Asian or European markets bounce over night, then futures can move also.

Now, the difference in the NASDAQ futures (in this case -80) is from "fair value" not the actual closing value. I usually do not take that into consideration since "fair value" and actual closing value are usually close. You can learn all about "fair value" here. It is a bit complicated cnbc.com

All and all, it looks like we are looking at a gap down opening in the market.

Mani