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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Jodi Segal-Lankry who wrote (11845)12/18/1997 9:31:00 PM
From: Bilow  Read Replies (2) | Respond to of 18056
 
During the day, the S&P index is calculated of course, and the
futures tend to follow it. The tendency is for the future to trade
at a premium to the cash, the reason is the cost of arbitraging
the difference, I think. For distant futures, the premium can
get amazingly high.

A lot of things could happen between tomorrow morning and
now, but the night traded S&P futures are a pretty good
prediction. At least as good a predictor as yesterday's price. :)

I'm showing S&P futures at something like 956:
cme.com

-- Carl



To: Jodi Segal-Lankry who wrote (11845)12/18/1997 9:32:00 PM
From: Defrocked  Respond to of 18056
 
Generally, yes, if it stays at these levels. But much can
happen between now and tomorrow's opening.

Good luck, Jodi, and be careful with your money. There is
a lot of risk in the system now which has yet to be
discounted by the market yet IMHO.



To: Jodi Segal-Lankry who wrote (11845)12/18/1997 9:35:00 PM
From: jeff wheatley  Respond to of 18056
 
Jodi, Futures experience wide swings over the course of the night. Have a look a few minutes before the markets open.


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