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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Winklhofer who wrote (18012)	4/18/1998 2:22:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Thomas- You have raised interesting questions- I will get back to you once I have answers from the right source.

To: Thomas Winklhofer who wrote (18012)	4/21/1998 1:15:00 PM
From: IQBAL LATIF	Respond to of 50167

Thomas: Check the actions on RUT - Between 24th October 1997 to 7th November 1997, we had a move from 460 to 415 on RUT. Whereas the move on S&P was 960 to 855. Then between 2 Jan to 16 Jan we had this move from 995 on S&P to 910, whereas, on RUT, we had this move from 440 and a re-test of an even new low of 410. So S&P really did not go and test the old low of 855, but RUT had gone through much more serious correction between 2 Jan to 16 Jan. The movements were not similar. Again, between 27 March and 8 April, we had this movement from 490 back to 470, but in S&P the movement was between 1130 to 1110, so the correction in percentage terms, in RUT, even in this small trend was much sharper. So you need to cater for this divergence in your model, and naturally one needs to look at macro economic impact on the two sectors which in my opinion will not be similar.