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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (9095)	9/14/2001 12:03:35 PM
From: Ilaine	Read Replies (3) \| Respond to of 74559

Why? Rules are made to fit ordinary circumstances. Monday is not going to be an ordinary day for the stock market. Further, rules are made to benefit the greatest number of people. In a real "free market," the dog-eat-dog caveat emptor type of free market, firms would be perfectly free to try to buy their own shares and otherwise prop up the market, no? Looks like American Spirit was right, in his own strange way. If you short Monday, you do it at your peril. Jay said the same thing. PPT is on the scene.

To: tradermike_1999 who wrote (9095)	9/14/2001 12:21:36 PM
From: Bob Duncan	Read Replies (1) \| Respond to of 74559

Tradermike, So, we have price fixing approved by the SEC. THis is more disturbing when one considers that all the talk that "Americans will not sell" and other such nonsense is clearly not REALLY believed by the powers that be. Hence, we have buyback "special" rules and prob. a .75 interest rate coming soon. I am long stocks and part of me should appreciate the fact that they are going to prob up the markets for a few days, but I believe in free markets more. Ask yourself this, is the DOW WORTH the same or more as it was at Mondays close after all this? The world is not the same, and I think allowing stock prices (even though I would on paper lose some money) to reflect the NEW reality is reasonable. I am worried this price fixing will simply only hold up the markets briefly. Then, all the "power" of these buybacks and the rate cut will be spent, where is the power then?? Who will bail out stocks then??? Free markets. Love them or leave them. Unfortunately, some powerful people have short term leveraged positions are clearly dont want to take the loss. As always, the little guy will be left holding the back. Then again, maybe I should just act in self interest like others here and be glad the "value" of my stocks will be propped up.

To: tradermike_1999 who wrote (9095)	9/15/2001 10:13:31 AM
From: jtech	Read Replies (2) \| Respond to of 74559

The nasdaq probably could have kept trading even during the disaster but I believe the big boys wanted it shut down and they had a good excuse. I dont go for the patriotic stock market either. If someone feels patriotic then let them donate their gains to a charity. I do look for a big effort to hold the market up through option expiration to help the large firms minimize their loss. As for shorting the market I wouldnt until friday at close. I do believe you will be allowed to short at the open but then sometime next week the fed will cut and a strong short rally (im betting on late thursday or before market friday) will force to cover to help fuel the rally. What good is buying gold or puts when the fed constantly works against the shorts instead of letting the market run its course? I think about all the poor guys that shorted the internet stocks. When the nasdaq ran to 5k they lost a fortune and they were right the whole time but just a little early. I dont remember the fed ever helping them out.