Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (20603)	6/30/2002 3:52:43 PM
From: marek_wojna	Read Replies (2) of 74559

<<The paper said Washington strategy was to use investment funds and broking subsidiaries to block short selling by speculators.>> Hi Jay, if such strategy exists I don't know how long it can hold on. IMO primary sellers in the market now would be foreigners, and investors who have too big chunks to drop them without causing meltdowns. Banks might be different story - some of them will just start to report second quarter earnings and was in their best interest not to have bunch of underperforming assets on hand as of June 30. WCOM will cause enough headache for many of them. Should they be so stupid to participate in another delay of execution giving the chance for others to unload? Another possibility is Fed. simply printing and buying without disclosing it anywhere, waiting for the better times. I really don't know of the body who can make the audit on them. I guess we'll know soon, but after Wednesday sure lots of people have their doubts about "free" markets, and AG might be on his way to kill the chick who brings the golden eggs.

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