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

To: marek_wojna who wrote (20612)	6/30/2002 4:14:59 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

marek, Re: AG might be on his way to kill the chick who brings the golden eggs. Killing off the markets is the order of the day. Here's a very interesting bit of information on a major revision of history that will have a devastating effect on public confidence in U.S. markets: morganstanley.com Roach says important things in "House of Mirrors". Once the re-statements are announced and widely disseminated, the U.S. markets are going to be exposed as a fraud for the last four years. So much for America's high handed preaching to the world about our superior ways. Re: Another possibility is Fed. simply printing and buying without disclosing it anywhere, The Working Committee on Financial Markets, euphemistically called the Plunge Protection Team appears to have been in a real frenzy last week. And yes, the accounting for the infusion of the FRB's capital via favored broker-dealers like Goldman-Sachs and Merrill can be easily hidden from the public. The place to watch for their intervention has recently been via index futures markets. Re: Should they be so stupid to participate in another delay of execution giving the chance for others to unload? It is human nature for many if not most investors to "stay the course" to their detriment in these sorts of markets. The FRB, and Wall Street traders both attempt to take advantage of this pecadillo. -Ray

To: marek_wojna who wrote (20612)	6/30/2002 7:03:05 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Marek, In any case, if true, then matters in the US, again, are sounding suspiciously like the events in Japan, then and now, but with more complications and urgency, because the US democracy, however flawed, remains more genuine than the Japanese variety (I still hold on to some of the 1990s spin:0), and the NY market, however troubled, is a much larger beast to hold up than the Tokyo manipulation pit (even though Tokyo holds up NY, arguably). So, while we have the seeds of change that may germinate much more swiftly in America, either via democracy or through the market mechanism (i.e. Should anything, or rather, should the magician Greenspud retire, we wait out 1-5 trading sessions, and can start nibbling at the then left over market; or we start nibbling in 2004, barring occurrence of WAT-WOT events and counter-events that delays natural change). However, I remain, as Abby would never say, not optimistic, attributable to WAT-WOT, and manipulation/intervention prolonged downturn. I can fool myself into believing that I see the solution to the simultaneous equations, but I cannot convince myself that we will get there anytime soon. There, opportunities and dangers defined, without drama, for the script [EDIT: DJ, FYI, the key words in this post are 'manipulation' and 'script']. Chugs, Jay