Ask DrBob Message Board - Msg: 16488160

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Drbob512 who started this subject	10/11/2001 11:54:02 AM
From: JoanP	Read Replies (1) of 100058

Richard Hahn says the market is being moved higher in order to stab the short players and prevent a market plunge to test the 09/21 lows. The government can do this indefinitely, so it's not a good idea to get in their way. However, when they stop pushing higher, the market will fall further and faster than it went up. This is most certainly not the rally to jump on board. Yesterday's rally was not confirmed by a corresponding jump in volume. Gold stocks were dropped to underlying support. Goldman Sachs was representing a "very large client" in the purchase of large dollar volumes of S&P futures contracts (buying billions in the S&P futures). This rally resembled the signature setup of a Robert Rubin plan. He perfected the short squeeze/crash prevention during his tenure as Treasury Secretary in the Clinton Administration. Looks like it's risky going long or short.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next