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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (1026)	8/5/1998 6:02:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 3339

Webs: I have been tracking the correlation of these to the exchange indeces since May, they are not perfectly correlated (possibly due to the stock mixes being different than the indexes - I don't have NAV records). They are traded like closed end funds and handled by sticky fingers on the AMEX, (high buy/sell spread). The prospectus claims a small difference from NAV but the web entry price has risen relative to the relevant index in the last few months. Today's Japan web (EWJ) went up 4+% even though the Nikkei(^N225) was flat. Yesterday's europe web did not anticipate a 3% correction there, though. Greg