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Good Question!
And one I wish I had the answer to as well.
Along the same lines, here's another puzzler: What's behind the present
divergence between the SPX and 30yr bonds??? Normally these two seem fairly
well correlated.
Clint
-----Original Message-----
From: Jay Becker <jaymbt@xxxxxxxxxxxxx>
To: Omega Digest <omega-list@xxxxxxxxxx>
Date: Wednesday, December 02, 1998 3:44 PM
Subject: Differences in the S&P and Dow
>Question: What makes the Dow and the S&P diverge so much on certain
>days.
>
>Today for example @ 3:34 (EST) then Dow is down 55pts, but the S&P
>Futures is up 1.50pts. These two markets almost always stay within a
>certain range of each other. Were there particular stocks on then Dow
>that got killed today, or what?
>
>Jay Becker
>
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