Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5936)	4/11/2002 8:03:44 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Well, using pension funds is not the same as using taxpayer dollars, since they represent contributions and diversification decisions by participants. Message 17315957 Hawk

To: John Pitera who wrote (5936)	4/11/2002 10:32:35 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 33421

I of course have no knowledge of what the government does or does not do in these matters, but from the perspective of a guy just trying to trade the action as it unfolds some things look mighty fishy. NDX and the Naz futures broke a year to date low today, the lowest level since late October, and there was barely any attempt to push it lower. It should have cost somebody many many thousands of futures contracts to keep this thing from falling apart, yet there was barely a run at wiping out the bids when the new lows were made. Running it back up was a piece of cake. Now if I were suspicious, I would have to assume that not only is somebody willing to step in and buy, but those who might ordinarily sell under such circumstances for some reason just are not doing it.. you don't suppose there is some agreement between parties do you? woosh.. woosh.. woosh.. Did a black helicopter just go by? <ggg> Dan