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>From: "david b. stanley" <davestan@xxxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>Subject: nasdaq spread
>Date: Thu, 03 May 2001 15:14:21 -0700
>
>The index was at a 260-280 pt premium to the futures for most of the
>day.
Are you looking at the compq and not the NDX (100)? The NASDAQ futures
are based on the NDX 100, the "big" NASDAQ is a different index. The
"premium" could waver based on the performance of different stocks
in the two indices and may or may not have any basis in sentiment.
BW
> I can't remember it ever being that pessimistic. Even at rollover, at
>the bottom and thru
>the Fed rally, the spread has fluctuated at 220-240.
> Anyone that follows this stuff have a take? My guess is that
>portfolio managers
>are really sweatin' bullets right now for some reason.
>
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