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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (6060)	9/10/2002 11:02:14 PM
From: yard_man	Read Replies (1) \| Respond to of 89467

>>they must attempt to steer all panicked money into TrezBonds<< what's ur take there, Jim? Think 10 yr yields bottom this year or next? I have a crazy theory: When the real stuff hits the fan they'll (foreigners) sell even what appears to be safe in order to get liquid and get out ... what will be the catalyst?

To: Jim Willie CB who wrote (6060)	9/10/2002 11:41:39 PM
From: 4figureau	Respond to of 89467

>>as RichRussell said, the cartel is on the wrong side of the new primary trend they will thus fail<< I believe it was Livermore who said in, "Reminiscences of a Stock Operator"..about a hundred years ago to, "follow the line of least resistance." All the greats have read this book...certainly everyone (Grant, Russell, The Pup, Fleck, Sinclair etc.) you and I like. Doubt that Dubya read it (gggg) Chainsaw Al probably threw it out with his Kondratieff papers :) Below is a universal law w/r/t markets. From Sinclair last week: >>The two greatest traders that ever lived, (both expired), Bertram J. Seligman and Jesse Livermore taught that a successful manipulation must always be in the direction that the market wants to take -- fundamentally and technically. Any other manipulation not only fails, a manipulation against the fundamental and technical desire of a market will also create a coiled market that goes further in the direction of its intention than it would have gone in the first place. Therefore, the result of the attempt by the gold cartel to hold the market down will be to propel it higher than it would have gone earlier.<< Livermore got smacked one time by trying it with Coffee (or some other commodity) I believe. Cost him everything.