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No. of Recommendations: 1
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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