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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: regli who wrote (70661)	9/29/2006 6:46:44 PM
From: mishedlo	Read Replies (1) of 110194

Actually there is STRONG evidence that the PPT stepped in on at least 2 occasions The last one the London Bombing. Futures were bought at massive premiums to the underlying. I know several hedge funds that arbed it, not caring what happened later because at the end of the day they had a guaranteed gain. There was a clear intent to prop up the market regardless of cost. Normal market forces would not allow things like that to happen over a prolonged period of time. That does not PROVE the PPT but one could hardly call that normal reaction for the market to rally on a freaking bomb scare with futures trading at a massive premium over the underlying to boot. Mish

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