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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (339303)7/27/2007 9:18:44 PM
From: Real Man  Read Replies (1) of 436258
 
Well, I can explain his view. His view is that the pig,
as he calls this market, is only supported through the
futures pits by 990N (money center banks), who get "tipped"
about liquidity injections (coupon passes), causing denial
of gravity. He seems to know the exact way how it's done. Without this
constant support, the pig will crash, cause he does not
see any other buying in the market. That view was supported
by some statistics, such as record up days occurring on the
day prior (AG era) or right on the day (Ben era) of a coupon
pass. When liquidity runs out, the pig starts crashing. The
prediction of such rough philosophy would be that there
will be a coupon pass on Monday, and a mega-rally next week.
However, if the Fed does not print, we will keep crashing
and accelerate. That's it. While personally I think he may
be a nut with the 990N stuff (he told the story way back when
in 2004 or so), this seems to work. What gives? -g-
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