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RE: fair value



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>From briefing.com...

Updated: 18-Mar-04 13:30 ET  
 
 The market continues to improve...the focus is on developments on the
potential Al Qaeda situation in the Pakistan/Afghanistan border...this is
impossible to anticipate as traders watch the wires for
developments...however, the gains have been focused on big cap, S&P stocks
as opposed to Nasdaq or smaller cap stocks...  



-----Original Message-----
From: ed [mailto:edgaribian@xxxxxxxxxx] 
Sent: Thursday, March 18, 2004 11:52 AM
To: omega-list@xxxxxxxxxx
Subject: fair value

Any ideas why there is no ARB. for ES since 1:16pm ET?

The price is going 4 or more points from fair value in both directions.

Thanks in advance
Ed