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Pastimes : Ask Mohan about the Market

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To: Terry Rose who wrote (14853)3/15/1998 3:27:00 PM
From: Jack Clarke  Read Replies (2) of 18056
 
Terry,

"Within an hour of the stock market's opening an order for 5000 long positions in the S&P future index was placed by somebody,"

More evidence to support market manipulation. Isn't that what non-free governments and dictators do? What will happen if it gets generally known and accepted that this sort of thing happens?

I'm not that familiar with what goes on in the S&P futures pits. But who in hell would ever fade those 5000 long spoos, or how could they have the margin to do so? Or is the Fed buying with one hand and selling with the other? They do print the money, I guess. I've thought of writing to the Fed and asking them if they do that or did that. It would be interesting if they could come up with a denial or admit it.

Thanks for the info.

Jack
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