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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (56556)10/15/2002 6:40:47 PM
From: UnBelievable  Read Replies (3) of 209892
 
Does Anyone Think That This Was About Anything Other Than

Ensuring that as many options as possible expire worthless and as many market participants as possible are screwed?

After the 3 day "bottom is in (again) rally" all of those puts and bears have been destroyed.

Now we have to do something about those dam calls and the bulls

It is hard for me to believe that those people who had the money to run the market up today did not know what C, GM and INTC were going to report before the run up in the futures last night.

Its also interesting that while last week the aggregate RPO's outstanding averaged about $8 Billion that they jumped to $11.75 from Friday and yesterday and jumped to $16.5 Billion today. It fairly safe to say that stocks did not soar on increased earnings but on increased RPO's. The Fed must not have known either and pumped all that extra liquidity into the system because they were concerned about a meltdown today. I mean they would not do it just to help about the option writing friends at JPM, C, and other places. Not at the expense of J6P. They would never do something like that. Heck even if they did we all know that whats good for JPM is good for the country.

I might be inclined to call it robbery in broad daylight except it really happened overnight in Globex when it is much cheaper to drive up the market.

But what is most amazing to me is that no one will notice that the worst corporate criminals not only have not been indicted, but are still very much in control.

And on it goes wash, rinse, and repeat.

IMHO there is NFY that the lows for the year (2002 - lest anyone think I'm talking about the next twelve months) are in.
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