i waste my time but reiterate my old position anyway:
CG you are one the last people in the world not to KNOW PPT is real, real, real and also active at just the right time.
Faber ,Grantham, and Rogers are also all oblivious to PPT increased activity and have failed to factor it time and time again, and have been wrong about the collapse in U.S. equities for a longtime--they just keep pushing out and pushing out their bear call, they are only about 3 years late so far.
Cripes even the WSJ wrote an article about the REALITY of PPT.
And we KNOW that under Bush it has become FAR MORE active and intrusive.
We KNOW that in five print of in the president's new powers the the senate blithely give him, Bush now with the NSA has the power to do ANYTHING, i repeat ANYTHING(legalities not a factor)to manipulate the stock market.
i communicate this and am ALWAYS greeted by ZERO recommendations---which means the BIG YAWN, the big, NAH that is not true, silent feedback.
Even many Ron Paul supporters refuse to believe the PPT now runs through Bush and the NSA.
Bush considers the "protection" of the stock market to be a part of HIS WAR on Terrorism.
i described a HUGE move in 34minutes CG, i repeat 34 minutes( The market was failing on those bond spreads you mention---HUGE moves on stock market moves credit spreads don't occur in 34 minutes!)
i do know you have NEVER supported any claim of mine regards PPT--that is never CG, that is amazing is it not. In fact you are quick to DENY PPT, when i bring it up?????
i REPOST what i posted on July 31st.
<<From: max90 7/31/2007 4:10:07 PM
of 67076
BTV trivia:Bloomberg FloorTrader commentor says "the pits are COUNTING on PPT, now that secret is now out. But he then said it would be nice if FED do something.
Comments were at 4:05 pm EST. Max >>
Now repeat after me that believe, like CG, there is not a ststematic andpowerful interventional force operating on the marketplace "There isno PPT , thereis no PPT, these is no NSA and Bush link, andrampant manipulation. It is all B.S."
i will counter and say that following the start of Iraqwar the Bush and the NSA decreed in the inrest of the war on terrorism all must bedone to prevent a 10% corection.
It is not a coincidencethat this isth LONGEST period WITHOUT a 10% correction i U.S.Stock Market History.
i will remain unpopular and viewed as a crank for this PERCEPTION and repeat there is ONLY two ways the market has a huge sell-off , a major sell down, smashing through 10%, and that is PANIC on the part of JQP and or acredit leveraged fantangled supposed Gordonian Knot, that suddenly explodesandcan not beunwoundin an orderly manner---WS's favoriteword thesedays, "theproblem is contained, it can be unwound in an ORDERLY fashion, Do NOT worry"
O yes, Govermments know JQP does not go into a real panic until 10% or worse and/ OR a mega negativemega event occurs, a Black Swan, as we now are saying.
i will have to order The Black Swan as i understand it is a deeply researched historical study proving the author's thesis. Max, over and out:)
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