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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (65630)	5/18/2007 11:52:41 AM
From: LTK007	Read Replies (2) of 116555

i wrote an e-mail to a newsletter fellow with 40 yearsexperiece and told him my suspicion the market has been rigged to go up to ever higher levels by the WH and PPT, since mid-July 2006. i was hoping for getting reason to think i was wrong, but quite to the contrary he a gave a reason for this "The best reason why the deficit has been pared so sharply over the last year is the run up in stocks - capital gains taxes. Yes, the government is quite happy with rising prices. As far as I'm concerned, the Plunge Protection Team (PPT) does exist so I believe your complaint of rigging is a fair one." i am thinking of bailing and taking a cutting loss, as indeed the idea of Paulson/Bernanke/Bush deciding the only way they can cut national debt is the MAKE SURE the market just keeps going up and up, so they get more and more tax money from capital gains. It is a compelling argument. And it can annihilate all the logic we bears have for a market failure. How can one bet against a rigged market????????????? Max

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