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

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To: Tommaso who wrote (70688)9/29/2006 10:33:13 PM
From: bart13  Read Replies (2) of 110194
 

There's enough to try to understand without inventing a PPT that buys futures or options on the stock indexes. That is just not authorized. It would be illegal. The Fed can intervene in money, foreign currencies, interest rates, money supply,and bond markets. S&P futures? No.


There does exist more than a little evidence that stock market interference has occured, in addition to what Mish has observed. Check out sprott.com for example. You're welcome to believe it or not.

Personally as I noted before, I don't think it matters much if we call it the PPT or Shiva or whatever. The factual evidence for this last month is pretty clear to me and again here's the close up chart to which I refer:



And please, while I'm trying to work out a clearer way to show both the TIO and TOMO combination, just look at the correlation between the TIO thin blue line and the S&P 500 on the full 2006 chart. The starting points match almost perfectly with relative lows and the TIO peaks match with SPX peaks.
How do *you* explain it if not by calling it stock market manipulation?

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