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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (87827)	6/28/2002 8:10:40 AM
From: Berk	Read Replies (1) \| Respond to of 99280

The irony is how the "Team" prevents a "good" bottom from forming unless that is their intent, i.e. from a valuation perspective.

To: Justa Werkenstiff who wrote (87827)	6/28/2002 8:10:44 AM
From: orkrious	Read Replies (3) \| Respond to of 99280

well, the PPT has been diligently at work since I woke up a little before 7 am. Futures have staged quite a recovery. Hard to believe.

To: Justa Werkenstiff who wrote (87827)	6/28/2002 9:14:34 AM
From: Jdaasoc	Read Replies (1) \| Respond to of 99280

PPT can hope to do is make the decline more "orderly." Yes they can buy futures on a few indexes. However, that leaves smaller companies or companies that should be allowed to fail or companies with accounting "errors" -- and there a lot of those that restated earnings -- that should be excluded from benefiting from the government assisted buying as major opportunities for shorting. TYC after they spin off CIT, IMCL, NVDA, VRTS and others don't appear at first glance to get any of the benefits from the PPT buying and are going to be heavily vetted as mutual funds and foreign investors leave the US markets.