Re: cash ,,,,

["charles meyer" <chmeyer@xxxxxxxx>]

Uhhhhh........

Michael:

What information does Morgan Stanley and Goldman Sachs
get the night before?????

Charles

----------
> From: MICHAEL STEWART <MPST@xxxxxxxxxxxxx>
> To: Neal Chabot <sire@xxxxxxxxxxxxxxxx>
> Cc: Omega <omega-list@xxxxxxxxxx>
> Subject: Re: cash ,,,,
> Date: Friday, January 29, 1999 2:19 AM
> 
> Neal,
> 
> Personally I havent found watching the variation in the premium all that
> helpful - there are fake spikes and blind alleys -   What would be
helpful
> is to have access to impending cash market activity, if only 30 seconds
in
> advance - you know the sort of information which Morgan and Sachs get the
> night before -
> 
> >Not true.  I watch both the cash (SPX) and the futures every minute
> >of every day,
> >and they are usually within seconds of each other.
> >There are days when the cash actually leads the futures.
> >You need to look at the variations in the premium to understand this
> >fully.
> >Perhaps your data feed is not reporting the spx every few seconds?
> >Neal
> >
> >----------
> >> From: Gary Fritz <fritz@xxxxxxxx>
> >> I don't understand how you can use the cash index (SPX for S&P) to
> >> help you learn the opponent's moves ahead of time.  Moves in the SP
> >
> >> futures consistently LEAD the SPX by a minute or two.  The pit
> >knows
> >> what's going on before it works its way into the SPX.
> >
> 
>