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To: patron_anejo_por_favor who wrote (83194)3/20/2001 10:22:32 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
yes, it's very odd that the Nikkei suddenly revives, on a BoJ easing to boot...as if those had any discernible effect before.

i think what we have loosely termed PPT is really the big mufus and brokers acting in concert when things were about to get out of hand...after all, they're all in the same boat, a bear market is bad for their biz. seems they finally got overwhelmed though...and i think they got partly overwhelmed by Japanese institutional selling...the proceeds from Japanese selling of foreign equities are now likely finding their way into the Nikkei, to prop it before the fiscal year end.

it's all a big rig job, but clearly the dam has now more cracks than ever before...