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To: LLCF who wrote (29481)	10/18/2000 3:03:52 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

i think it's the big mutual funds, aided by the brokers to some extent. so it's mainly clients money. i also think that houses like GS and ML have an agreement with the ESF (the most unaccountable govt. slush fund out there) that their actions to support the market are back-stopped in case things go wrong. which they usually don't do...when ML or GS orders a thousand spoos and mops up all offers what do you think happens? they sell it all again at a decent profit in the ensuing short covering panic. the manipulation in the futures markets is simply too obvious... of course i can prove not even one word of this. it's just a matter of logic (who has what to lose/gain and what are the means at their disposal) and watching market action. my experience is also that when you assume the worst, you usually still don't even guess at the extent of how bad it REALLY is.