GE
"Wasn't it u that said in 1987 the spi had a tendancy to lag cash all the way up to the top ?
and haven't we seen spi trading 20-30 under cash and yet cash go up."
Exactly my point.
When SPI is lagging a rising market, the market will keep going up.
Now with SPI at a premium and the market going down, the market will keep going down until we get discounts.
Doesn't mean you can't have brief rallies.
black tuesday, page-110
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