Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (1953)	9/21/2001 7:45:41 AM
From: SliderOnTheBlack	Read Replies (2) of 36161

re: panic & "fire in the theatre" ... thanks to the ESF/PPT - we don't know if we had "panic" - the DOW could have easily fallen 700 to 1,000 points each of the last couple trading sessions - "IF" the PPT/ESF had not stepped in. We've been witnessing literally - the most stabilized & intervened upon market in history... we have no idea (well, we may) where the markets would have fallen to here - without this intervention/stabilization = manipulation. The "trap door" is hanging by a thread here... we probably need a "crescendo" day here - a 700-800 point blow off day on record volume for a little DCB/trading bounce; or at least a momentary stabilization to the market. But then, I still think we'll see a continued slow grinding Bear and DOW 5-6000 and NAZ 900's is where I think proper/fair value lies...given merely historic valuation multiples, let alone this economic & geopolitical environment. tic - toc ~ Gold; how much ya got ?

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