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Well said.
Like a mystery thriller movie, I can't wait to see if the government indeed
has all the right stuff to land this jet full of stary-eyed drunken
screaming gamblers on the runway, given the fact that the jet is running on
fumes (margin debt at record pct levels, Wall Street pumping out new IPO
issues at alarming rate, GSEs like Fannie Mae and Freddie Mac are issueing
bond debt at astronomical levels, corporations have loaded their balance
sheets with new debt and have bought back their own stock at these maniac
levels), the run-way is damaged (any recession now will likely result in a
prolonged one, or worse, depression, given the fragile nature of world
economies and the noose of debt the government the Reagan/Bush admin has
sown), and the landing gear is gone (past history has shown that there is no
'soft landing' when a bubble is burst).
Wonder if they will make a movie about these times when it is all over, and
our grandkids scratch their head and ask themselves how this generation was
so damn stupid.
Hoping to see the bubbleoneans and margined longs challenged again tomorrow.
----- Original Message -----
From: <felixty@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 05, 2000 12:26 AM
Subject: [RT] Re: US Govt. Manipulation of Stock Market
> Well......during the October 1987 "exercise".....all they had to do is
tell the
> banks to give "unlimited" lines to brokers or market makers.....it was so
> easy....that was the turning point since......those were the last days
(in the
> history of mankind) of markets moving based on natural forces.......
>
> then...intraday manipulation is also easy.....just "nudge" the market just
at the
> "right" pivot spot(they can afford to hire the best technicians) and
maintain
> that spot hard as a rock....the market ship has no choice but to turn back
up..
> .and then back to the races upward including the help of the shorts
geeting
> squeezed and covering..just compute optimum amount of money at the optimum
time
> intraday to do it..not really complicated any good insiders can do
this...seen it
> everryday,just the right stocks for the index...a bit more complicated but
not
> impossible....
>
> its a case of wallstreet major houses ,money center banks, mutual fund
owners and
> critical listed company insiders together with the Fed..they all
> understood..either they stick together or hang together.....
>
> there and then why some technicians got surprise if they dont get
this.....no
> matter how good they are at their work....these things hve to be taken
into
> account in their daily analysis and trading....
>
> ok..will crawl back to my rock.....
>
>
> wong wrote:
>
> > Hi James:
> >
> > Please explain.
> >
> > This is the FIRST time I've heard of something like that. It's very
hard
> > for me to believe, and I'm NOT convinced that's the case.
> >
> > Please "prove" why this is a "proven" fact, with regard to the US
government.
> >
> > Thanks in advance!
> >
> > Wong
> > ==========================================
> > At 10:13 PM 04/04/2000 -0700, James Taylor wrote:
> > >It is a proven fact that governments manipulate their stock, currency
and
> > commodity markets, and today was a >classic example. There is
absolutely
> > no other explanation of
> > >the massive rebound.
> >
> > >Does anyone know the details ?
> >
> > >Who does the government execute orders thru ?
>
>
>
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