Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (45234)	12/7/2000 7:42:22 PM
From: UnBelievable	Read Replies (1) of 436258

I'm Inclined To Agree The AH could easily have been managed to keep the prices up. The volume AH is very small and I have to imagine Clown dominated. When the herd first started to panic mm stepped in and stopped the stampede. A small price to pay to keep J6P from entering orders tonight to sell in the morning, which is what would have happened if they had heard that INTC warned and everything was way down in AH. I'm sure the fact that prices did not fall AH will be mentioned in the news. As I type there is a headline that Coca Cola Enterprises '01 Op profit will be 8 to 10% below target and that sales are expected to increase by only 1%. While Enterprises is a separate company from KO their fortunes are very much intertwined. Old economy, new economy, and everything in between is having big trouble. In addition consumer debt increased by 16 bil. last month which was only twice the expected 8 bil. No profits, No Capex, No consumer spending, can only support the market for so long. I wouldn't be surprised if they let the Pre market trading go down a little and gap down the open a little bit and then try to bounce it. I could be wrong on this though because they never seem reluctant to gap up the open if they at all can. Regardless I would expect the After Burners to come on high fairly early to try to put this bird in orbit. I have a hard time believing, though, that any of the commercial interests really believe that things are not going to be getting a lot worse before they get better. Plus someone has to pay for all that rocket fuel. The implication is that as soon as possible, the process of distribution will commence again. After all there is only so much honor among thieves. In addition I still can not believe that every individual investor is completely brain dead. Today brought confirmation that the economy is sucking wind big time. In addition people must realize that by know the only real news that can come on the election front is bad. After all we already had the Shrub victory rally. So I would expect that there will be a number of people trying to make their way to the exits. I will admit though that I could be totally wrong. Clearly there are commercial interests for whom it may make perfect business sense to buy every share that they need to because the cost of doing so is dominated by the effect that the closing prices has on their portfolios. The calculation they will have to make is how many days is their investment likely to persist. Even if the economy was not slowing keeping the bubble (stock prices) growing at 10 to 20 times faster than the economy gets more impossible each year. While there clearly is too much money I just don't know that there is enough to reinflate the bubble. What makes bubbles so fragile is that as soon as they stop inflating they start deflating. While I think we will have a better idea if December poots are going to be worth anything after tomorrow I think regardless of tomorrow's activity it is much to soon to write off the January's.

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