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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Silver_Bullet who wrote (39427)	10/25/2000 10:07:22 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 57584

They do it to prevent a total collapse of the system. There are a dozen or more ways they can add to the system, the most obvious is when they "lend" more capital to the big street houses, on a short term basis, which then allows the houses to take huge derivative positions on the long side, which they usually would be hesitant to do with their own $$, thus enticing the public to start buying again, and because greed is usually more powerful than fear, especially when a bottom has been "fixed", they (public)ASSume everything is okee-dokee, they start buying, thus ending the immediate problem. This is what took place last week. It is basically a risk free proposition, as the houses control the market flows in the first place, this just gives them carte blanche to mint money for themselves. And everybody lives happily everafter..... I am convinced, after todays opening, that this market is bi-polar. It just does not have any direction at all. We are playing a dice game now. Good players will make a fortune, others will end up on the losing side.