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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (11097)	7/16/2002 3:17:20 PM
From: Saulamanca	Read Replies (1) \| Respond to of 17683

Anything is possible but there might be another explanation to yesterday`s rise. big trade yesterday in the SP pit traders-talk.com From Dan Fitzpatrick Yesterday 7/16/02 01:25 PM ET Had an interesting chat with Fari Hamzei of Hamzeianalytics.com. Fari said that that yesterday's sharp reversal was not short covering, nor was it related to the Fed (so much for conspiracy theorists). Instead, a large mutual fund and a pension fund committed new money at these levels. The brokers were big bulge-bracket investment banks, and the trade was close to 10,000 SPU contracts. That was what caused the sharp "superball" bounce. Just so you know. thestreet.com

To: SliderOnTheBlack who wrote (11097)	7/16/2002 3:26:07 PM
From: Roads End	Respond to of 17683

re >>CNBC - WHY<< Vanity is a powerful elixir. They are drunk with it and can't see that the world is actually laughing at them. They actually believe they were what inflated the bubble, and they were to some extent, but they still believe they still have that power. To admit a PPT would be to admit defeat.

To: SliderOnTheBlack who wrote (11097)	7/17/2002 3:46:58 AM
From: pete	Read Replies (1) \| Respond to of 17683

This is a great post and says it all! I agree with your comments totally.