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Gary Fritz wrote:
>
> > Just bringing up a year-old thread, maybe stimulate a discussion.
> > Very different picture this year though ...
>
> Yes indeed. I re-ran that calculation with data (daily SP, not
> SPY) up through yesterday. (And this time I made sure to use
> non-adjusted data. :-)
>
> Avg Daily Avg
> Range Price Rng/Price
> 1998 17.64 1091.53 1.62%
> 1999 20.85 1333.98 1.56%
> 2000 26.36 1439.12 1.83%
> 2002 19.89 994.76 2.00%
> 2003 14.52 936.73 1.55%
>
> So the current ranges are lower in absolute terms and in % of
> price terms than we've seen since 1997. How low will they go?
> Who knows. I wouldn't expect them to go back to the pre-1997
> levels of 0.75% ranges. It's a different world now.
Well, apparently we're in the pre-1997 levels for some time now (since
mid-summer), if you do a half-yearly study.
MT
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