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I think your correct with your observation but the market is impregnable to
even that over time. People like me and you noticing this other will as well.
Robert
At 06:50 PM 10/10/98 -0700, Lamont Cranston wrote:
>All:
>
>In thirty years of trading I don't think I have seen such blantant
>market manipulation as occured in the last two days. Wednesday and
>Thursday.
>
>In discussing these markets with other traders the concensus is that it
>looked like the Fed and the Treasury was in the market selling dollars,
>bonds and the S&P and buying yen. The only thing that we could conclude
>was that they were operating and manipulating the markets so that LTCM
>and other large hedge funds (cronies) could unwind there positions
>without the major losses that the funds were exposed too.
>
>This is not a true fact, but just an observation on my part.
>
>Lamont Cranston
> "who knows what evil lurks"
>
>
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