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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (4643)	5/3/1999 9:39:00 PM
From: Rick Faurot	Read Replies (1) \| Respond to of 7382

Thanks Alan. Confirms my thoughts. I do think we've had a more consistent volatility the past couple of months than in last year where we had some huge corrections interspersed with relative calm periods. The rotational volatility, for example, has been pretty constant lately. Last year we saw all markets sell off together huge and then rebound huge. You agree? Ya, the higher P/Es now is what I referred to as well, which makes traders a lot more nervous and looking at the exits a lot harder. <<gg>> Wish we could get someone to comment on the arbitrage issues you mention. Anyone arbs out there? R