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To: donald sew who wrote (39463)4/14/1998 9:31:00 AM
From: Nemer  Respond to of 58727
 
Don:

here is what I pulled up, so as not to further confuse us all with my explanation......gggg

. close high low
DJIA 9012.30 9025.26 8925.61
SP500 Cash Index 1109.69..
SP500 June futures 1117.20 1122.00 1107.60
Fair value for futures premium8.80..



To: donald sew who wrote (39463)4/14/1998 9:41:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
FV

Let me try to put it this way. If the cash market is at 1100 and the Futures are at 1110 and the FV is 10.00 then everything is everything, the market is fairly priced so to speak.