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Author: solasis Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 297  
Subject: closing the barn door Date: 3/26/2004 11:25 AM
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after the fact, yes but
date            sp futures         sp cash index
3 08              1119              1120
3 09              1138              1140
3 10              1118              1123
3 11              1104              1107

get the joke? average discount between the futures and 
cash has been about 1.  the 3/10 spread was the largest 
in 3 years

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