Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (23376)	8/5/1998 7:55:00 PM
From: Kip518	Read Replies (3) of 94695

I agree, someone made it happen, just not the Fed. Please do not ask me who.. LG, Fleck answers: Volatility doesn't adequately describe today's market action. As in days past,we traded rallies with slides the better part of the day. With about 40 minutes left, the Dow was off more than 120 points and the S&Ps down one and a half percent. In the next 20 minutes the S&P futures rallied about three percent. Goldman Sachs was seen as a buyer, and market rumormongers are always talking about Goldman fronting for the famous plunge protection team - that is Rubin, Greenspan and the boys. The existence of such a team is a fact that has been stated publicly. Whether Goldman actually operates as the plunge protection team from time to time, I really don't know. Conspiracy types seem to think it is true, and given all the nonsense that is going on in the world, it wouldn't shock me. stocksite.com Sounds right to me. GS ain't going to let their little lady stand out there in front of everybody with egg on her face (that's an okay look for ralphie, however) Looks like I may have to reverse a bunch of shorts tomorrow. Kip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next