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: Box-By-The-Riviera™ who wrote (180015)	7/15/2002 4:06:37 PM
From: KeepItSimple	Read Replies (3) of 436258

CNBC just said nobody has any explanation for the rally other than reports that large institutional traders entered the market simultaneously buying massive S&P futures contracts. LOL! Folks, if there is anyone who doesnt believe in the PPT anymore.. please go check yourself into a home for the hopelessly stupid. The only thing I can't figure out is why the fed doesn't just come out and admit it? In Japan, direct intervention in the stock market by the BOJ is not a rumor- it's an accepted matter of govt policy. They freely admit they prop up stocks in order to prevent widespread damage to cross-linked bank holdings. What would be the reaction in the US equity markets if Greenspan announced that the fed had been buying tech stocks to keep america happy and content? Crash? Super-rally at the admission that the greenspan put is real?

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