We all know by now that the sudden 200 point drop in the Dow yesterday was due to a calculation delay caused by information overload by Dow Jones' data systems. Below we calculate how the intraday price chart should have looked based on the actual price changes of the Dow's 30 components. As the chart shows, the calculations began to go awry a little after 1:30 pm and continued until the computers finally caught up at 3:00 pm.
does this mean you could have arbitraged some profit by selling the Diamonds?
Posted by: eric | February 28, 2007 at 01:17 PM
does this mean there was an arbitrage opportunity by selling the Diamonds?
Posted by: eric | February 28, 2007 at 01:17 PM