|
PureBytes Links
Trading Reference Links
|
My God, we have a cloning epidemic of Rush Limbaugh's!!!! As an
example, If you would look at a S&P or DJIA chart, you will see Bill
Clinton's face outlined.
Seriously folks, do you really trade off this hokus pokus??? If I were
a betting man, and I am, I would be looking for a completion of the rise
from OCT 8th. What's Next??? A correction at least. Get ready for
this week's action.
D. Sieler wrote:
>
> Steve, I do not believe that an "open mind" is synonynous with "idiot"
> or "one who sees conspiracies everywhere".
>
> Blind faith, however, & no interest whatsoever in examining the
> possibilities has its' downside. I have always said, those who rely on
> government to do the right thing deserve what they get.... for example,
> (and a surprise to "most trusting Americans" in 1933) was Roosevelt
> confiscating gold and replacing it with the fiat, non-redeemable paper
> we use today. Incidentally, the dollar, controlled by our "honest
> Federal Reserve" has lost over 90% of its value since the Fed's
> inception in 1913. But.... we must "trust".
>
> The following information, if true, & the logic following should alert
> one to at least being aware of "the possibility" that this government
> "may not" be different from others. (Received 10-15-98)
> ------------------------------------------------------------------------
> In a London Telegraph article on the Plunge Protection Team, Ambrose
> Evans-Pritchard says, "Decisions (about intervention in stocks) are made
> in conjunction with the National Economic Council at the White House,
> and the Governor of the New York Federal Reserve Bank… They have each
> other's telephone numbers at all times and are plugged into a
> sophisticated ‘market surveillance’ system that helps them anticipate
> trouble."
>
> (The following logic was not mine but I think valid):
>
> "If true that means:
> a) the WH is involved, so politics rules, and b) If ‘they’ anticipate
> trouble, this implies they've intervened before, when major support in
> stocks is threatened. You can now get a refund from those pricey
> Business-schools that preface all stock market theorems with ‘in freely
> traded markets’."
>
> Personally, I will keep an open mind. I know one thing for sure, Alan
> Greenspan, Robert Rubin, or Bill Clinton are not going to tell me if
> they are engaged in illegal stock market interventions... that's a
> given.
> ------
> Regards, DS
>
> ------------------------------------------------------------------------
>
> steven poser wrote:
> >
> > I am constantly amazed at what people will believe. What I love best
> > about folks that believe in conspiracy theories, that the Fed buys
> > futures (Earl, though I disagree with you on the futures purchase stuff,
> > you are obviously not in the idiot category.)
> >
> > Alan Greenspan is the consummate market behaviorist and technical
> > analyst. I am not suggesting that he sits there and draws lines, looks
> > at OBV and RSI. But, he may be the only Central Banker in the world who
> > understands how to mollify the markets. I wrote to my clients back
> > before the first rate cut that the Fed would go again between meetings
> > if they only went 25 bps on 29-Sep. I made this call based on how I
> > thought the markets would react, and how I figured Greenspan would react
> > to that. The day that the Fed cut again, was the first time I saw
> > inklings of the market getting ready to turn lower. I think if the Fed
> > had not cut then, we'd be at 6800 now and not 8600.
> >
> > Alan Greenspan almost certainly has no great love for Bill Clinton.
> > Clinton is a Democrat and Greenspan is a Republican. So, Alan is not
> > saving Bill. He is not saving a Republican Congress either that sits
> > there and asks for rate cuts also when the economy is humming along. The
> > FED is and must be fiercely independent.
> >
> > LOOK WHAT HAPPENS WHEN A CENTRAL BANK IS BELIEVED TO BE CONTROLLED BY
> > THE GOVERNMENT (OR ACTUALLY IS CONTROLLED BY THE GOVERNMENT). LOOK HOW
> > ENGLAND AND FRANCE HAVE IMPROVED THEIR ECONOMIES SINCE THEIR CENTRAL
> > BANKS GAINED MORE INDEPENDENCE. LOOK AT THE FRIGGIN MESS JAPAN IS IN
> > BECAUSE THE BOJ IS NOT INDEPENDENT.
> >
> > IF THERE WAS A TRUE BELIEF (AND FOR THAT MATTER REASON TO BELIEVE) THAT
> > THE FED WAS CONTROLLED BY ANYBODY BUT THE CENTRAL BANKERS, THE DOW WOULD
> > BE AT 5000 NO MATTER HOW LOW GREENSPAN PUT RATES. THAT IS HOW MUCH
> > CONFIDENCE WOULD BE LOST.
> >
> > OH, AND THE FED IS ALSO NOT CONTROLLED BY WALL STREET. IF IT IS GOING IN
> > TO SAVE STREET FIRMS, IT IS TO PREVENT A PANIC. I WAS NOT THERE IN 1929
> > WHEN BANKS FAILED LEFT AND RIGHT. DO YOU WANT TO SEE THEM FALL LIKE
> > DOMINOES?
> >
> > Remember, though how Wall Street goes, is not how the whole economy goes
> > (did you see GDP yesterday? -- AND PLEASE DONT TELL ME THE FIGURES ARE
> > RIGGED OR I'M GOING TO PUKE), failures are a different story. The
> > markets are all about psychology, expectations and behavior. Nobody is
> > better at managing that than Alan Greenspan. If it looks as if the Fed
> > is controlled, it is only because knows how to pull the strings.
> >
> > Steve
>
> --
>
> Douglas
|