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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (18947)	2/20/2003 12:19:32 PM
From: el_gaviero	Respond to of 23153

Sharp, I agree. I thought the open this morning indeed was strange --- very calm, very bland --- considering the horrendous numbers reported at 8:30 --- record current account deficit, big spike in inflation, bad jobs report. It is interesting to imagine what the markets would have done had the numbers turned out to be as far on the good side as they in fact were on the bad. The only notion that makes sense to me is that lots of people are waiting on the war with lots of dangerous assumptions --- that soon after the shooting starts, it stops --- that oil starts flowing --- that democracy flowers --- that no “knock-on” effects shake Pakistan or Saudi Arabia…... I can’t believe that the market gods, and the gods of war (who work in adjoining cubicles) will let this golden opportunity pass without hilarity at our expense.

To: Sharp_End_Of_Drill who wrote (18947)	2/20/2003 12:21:56 PM
From: energyplay	Respond to of 23153

You don't need to be a conspiracy fan to notice that there is sometimes intervention in the stock market. Several of my paid subscription sources have commented on this from time to time. Doesn't get on free media or on TV, but it's very obvious that it happens. The other things that I see in the paid subscription stuff that's not in the mass media are comments about consumer and corporate debt level. Since it does happen, occasionaly hedge funds and others try to ride along or front run the action. Usually the intervention seems to stop after a few days, and the market is allowed to drift down, not plunge.