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To: Lizzie Tudor who wrote (16125)2/13/2003 7:34:36 PM
From: Bill Harmond  Read Replies (1) | Respond to of 57684
 
it's still a 7 point premium to NDX close. I don't know fair value, though, for March futures.



To: Lizzie Tudor who wrote (16125)2/13/2003 8:38:23 PM
From: fedhead  Read Replies (3) | Respond to of 57684
 
Thats it. All these earnings are just stories at this point. So we have gone back to valuing companies based on
the stories they tell. Last time we did that was in spring 2000. Man does this bear have a lot of downside work to do.

Anindo



To: Lizzie Tudor who wrote (16125)2/14/2003 9:03:40 AM
From: Bill Harmond  Respond to of 57684
 
08:58 ET S&P futures vs fair value: +3.5. Nasdaq futures vs fair value: +7.0.
Futures market continues to point to a positive open for the cash market... However, there is a palpable sense of reserve in the trading this morning ahead of Hans Blix's report to the UN Security Council at 10:15 ET.


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