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

To: John Pitera who wrote (6388)	6/27/2002 11:34:37 PM
From: Raymond Duray	Respond to of 33421

JP, In the face of massively bad news about WCOM, MSO, etc. and reports from Trim Tabs that cash is flowing out of publicly held stock mutual funds, who do you suspect is buying up all these shares on the NYSE and NASDAQ over the last couple days? My two favorite theories are: 1) The PPT, scared to death that if they don't intervene the panic selling will make October 19, 1987 look like a walk in the park. OR, 2) The trading floors at GS, Merrill, MS etc. have all been instructed to buy the hell out of the market and paint the tape in order to prevent panic selling that will make October 19, 1987 look like a snore. OR 3) Some combination of the two. Any thoughts? Cheerio! Ray PS: Were Soros comments market comments, or political? reuters.com

To: John Pitera who wrote (6388)	6/28/2002 9:08:20 AM
From: Enigma	Read Replies (1) \| Respond to of 33421

John I agree this is a market lab - but with the greatest respect it was you who started the political discussion by expressing your unalloyed respect for GWB and those around him. Frankly I was so astonished by this - from you - that I couldn't let it go. For I feel that this Administration will prove to be a disaster. So I think you bear primary responsibility for the politics here and perhaps I bear secondary responsibility for not biting my tongue. As for Ray - he is after all addressing the question of corporate ethics or lack of corporate ethics, and I submit this is the issue of the day because it impacts everything we're trying to consider.