Conspiracy Theory?
I don't claim to know anything about market direction, and I don't care! Just a wantabe
DAYTRADER. There are a few the market maker possibly that know the outcome. But
the other 99.9% don't have a clue. So information is disseminated from whatever the
source - FED, NEWS, EARNINGS, and everyone goes off like a loose cannon.
So here is my theory AG had full information regarding PPI when he made speech
Thursday evening. By giving dismal speech, full well knowing the knee-jerk reaction that
would be combined with the PPI numbers he would have to do nothing regarding interest
rates. Equities would sell-off, and part of the equation was solved. By noon, everyone got
a grip, said hey Auto MFGR's retool every September, Tobacco is a one time kick in the
ass. So hell we can live with a 1.2-1.3 annualized core rate. The Markets are now staged
to do nothing. It was a great test to see if low level supports of a year ago would hold, and
they did. So now equity prices are technically priced lower than they were in 1998 when
you adjust for the core increase over the last year. Now you have this whole Y2K
Bullschit to contend with. Now we come to CPI and Trade numbers this week. AG knows
these numbers now also. My read would be that there is no suprise. The numbers come
out not good not bad markets happy we rally a little drop a little, day to day trade to
November 16 FOMC. Equity prices are stable, dollar looks good, bonds settle under 6.10,
Japan gets to charge 1% interest <g> A.G. says economy stabilizing, no increase. Markets
Happy, Happy. Rally into December, the masses forget about Y2K, leave money in banks
and equities. Everyone dances in the streets, chanting AG AG he's our man, if he couldn't
do it nobody could. Sorry ya'll just an opinion - Back to the CRASH on Monday -g-
Good Luck to All.
Best
JDinBaltimore |
