RE:

They do look tight. But after a $2 drop, you'd have to expect it to pinch.
Seems like, unless things really fall out of bed, this spread should widen
from here. Even if the front stays relatively unchanged.

----Original Message-----
<From: John Arnold/HOU/ECT
<To: Greg Whalley/HOU/ECT@ECT
<Cc:
<Bcc:
<Subj:
<Sent: Wednesday, December 13, 2000 12:33 PM
<
<remember when you said there is a reason they call them bear spreads?
<
<bring up a chart of f/g or g/h.
<f/g is tighter now than anytime since march 99 when ff1 was worth 2.50
<
<
<amazing