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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Tecinvestor who wrote (10174)	4/2/2000 2:29:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

Hi Tecinvestor, Sorry about belated reply. In my mind you are half correct. This is extremely important when one begins to realize that the Houses in fact do have the capacity to manipulate the markets and certainly do. You are taking the view as most that the NAZ plunge was orchestrated in order to pick up desirable shares cheaply. I disagree that it was their primary goal, just more of a bonus. Time capsules are never entirely the same and one must look at what is transpiring in each capsule as it relates to the Houses in order to have any understanding as to what the markets MUST do. Let's take the last time capsule ( approximately six weeks leading up to and ending this past Friday. From the Houses standpoint what had to be their major concern? THE DOW BEING DOWN about 1200 points from where it is today. Now, picture if you will, Fidelity having a meeting with all their fund mgrs. in one big room about 6 weeks ago. The tech mgrs. are just happy as hell, grinning like mules eating briar. On the other side of the room are value fund magrs. that can't wait to stand up and tell the powers that be just how devastating their quarterly reports are going to be and the possible financial disaster awaiting the firm just from redemptions alone. Well, Fidelity was not alone, every House had the same problem including ABBY'S! It does not take a genius to see the agenda and that agenda will include anyone that can help the cause. The Houses's even had to go overseas to get help and they did. The first individual over the pond that kicked off the FEAR FAIR was that ass from South Africa that stated the 87 debacle would repeat itself on March 16th. This was in almost all the media. The second gentleman was Mobius who is not inclined to buy the same internet stocks that he condemned but guess what he based his idiotic feelings on? The Argentina internet stocks for Christ's sake. That did not stop the Media Maggots like CNBC, hell they loved it. But that was not the crowning blow, nope, that was left up to everyone's little queen that turned out to be as big a prostitute as Barton Biggs himself, Abby. Now, what did she say that was so stunning? Actually very little and she knew this going in. It would not damage her forecast in anyway but she absolutely knew the impact it would have with the retail investor and also the leverage it would give all the Houses and it did. Another thing, I am convinced that they felt they had to bring ABBY out for one reason, because most of the damage had been done, it was for solidification, in other words not only had the houses manipulated to get the dow up, BUT, they must somehow keep them up and I am convinced that is why she had to come out with her statements. THIS WILL ALSO HAVE SOMEWHAT OF AN AFFECT ON THE NAZ in the next couple of weeks. What I am saying is, DO NOT EXPECT AS MUCH OUT OF THE NAZ as you have before because ABBY and what she had to say CAN BE SOLD! Finally, let me tell you how you could see that the DOW was manipulated up. As each of you have witnessed strong upsurges in the NAZ and the DOW in the past, what has always happened? There would be two steps forward and one back, in other words, 100 to 150 points up and then the same or close to it back down. Well, not in the DOW over the last month, it was straight up and practically nothing down. What does this tell us, it tells us that the Houses were so desperate to get the Dow up for their funds that they were not about to give up the gains for any reason and then Abby comes along to try and solidify their gains because everyone and his brother could see the DOW sinking once we got into April. It will happen but it will be slower. Sorry for the elongated post, Voltaire P.S. - The real irony lies not so much in what the Houses did as much as the timing of such action, absolutely staggering. However, even more staggering is that the media of this country do not or will not pick up on it.