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Looks like they are here to stay
Whether we like it or not....just like the market continue going on its
merry way whether we are a bear or bull in our analysis,our positions or
personal biases.....after all..we are suppose to be here for the ride!!
Yep, understand its totally repulsive for free market proponents...
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USG has oversight working groups for all sorts of national
contingencies. That's their job. Does that make it an evil
conspiracy? Well I guess so if you see government in general as
an evil conspiracy.
Why did the FED come into being? Precisely because of the stock
market crash of 1907 when J. P. Morgan himself played the role of
central banker since we didn't have one at the time.
If one is bearish on a stock or industry, then short it. But don't
expect the USG or populace to sit on their hands and let panic and
illiquidity destroy the markets and economy and make you into a
billionaire because you shorted the entire market hoping for
disaster. Part of the express function of a democratic government
is to help prevent and to ameliorate disasters. One may not
personally like it, but that's the way it is. Most people DO like it
and they DO like the FDA, FEMA, FAA, SEC, DOD, and most of
the rest.
Tom Drake
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> FWIW, after the 1987 crash there was a governmental panel set up among
> legislators, regulators and key players in the financial markets, out
> of which came a Committee named the Committee for Counterparty Risk
> Management (or something like that).
>
> The financial industry participants were, primarily, Goldman Sachs and
> J.P. Morgan, and the New York Federal Reserve.
>
> >From that point in time these key players have been involved in
> >market
> manipulation strategies, and it has become common knowledge in the
> last few years of the existence of this group.
>
> >From several articles that I have read about them, they operate out
> >of
> an office owned by the New York Fed which overlooks the trading floor
> of the NYSE. The head of the operation is David Fisher, V.P. of the
> NY Fed, and the primary purpose or objective of this operation is to
> stem the tide of panic selling if and when it shows up. While Fisher
> and his group are pushing the buttons, GS is the principal executioner
> of the floor orders and it, generally, takes the form of futures on
> the various indices which can prompt buy programs when the spread
> exceeds certain levels above cash price.
>
> Dhruv, I sincerely respect your work and have told you so, in private
> emails as I encouraged you to come to www.bearforum.com, and now I
> publicly state same. But you are, IMO, incorrect on the assumption or
> conclusion that a PPT or CPT (Crash Protection Team) does not exist.
>
> Claude Spink
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