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To: B.REVERE who wrote (254242)	8/5/2003 11:28:52 PM
From: UnBelievable	Respond to of 436258

They Have Their Nerve Don't they know what your either with us or against us.

To: B.REVERE who wrote (254242)	8/5/2003 11:40:41 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

Holistic Market Summary Holy H---L! You talk about putting your thumb followed by all your fingers in the dyke followed by all your toes and nose and guess what? It is leaking in 7,394 more places all at once. We will be kind by again posing the question. Your have the awful bad luck of being appointed Secretary of the US Treasury which means you are the "US Chief Bond Salesperson" at the worst possible time in history. You have at your call and command over USD$30 billions with which you can legally and ethically fiddle with any market in the world you feel like. You are in charge of selling a mountain of bonds and the bond market isn't just critically weak, it is bleeding all over the place. What do you do? Well that is easy. You play every market to make it through this huge sale of your bonds. You sell gold and buy the index futures. You start two weeks ahead of time. But that "Swap Spread" is blaring to the financial world over the "Financial Mukluk Wireless" that the bond market is in as much and more trouble as it was when LTCM exploded. You've got the short end off today but the pressure on the bond market in the ten and thirty yield is getting too much even for stabilization to hide. You have no choice. You tell your brokers to pull back, and guessed what? The DYKE BREAKS. That is where we might be right now, tonight, here and now. Will the Exchange Stabilization Fund play its last bluff tomorrow morning before the US and come running into the equity indexes buying everything in sight and marking up the index before the open. They better because I smell all hell about to break loose because: 1/ Who in the world does not know that the broken bond market is going to kill stone cold dead the chance of economic recovery. 2/ The bombing of the Marriott in Jakarta this morning is an attack against American interest. About that there can be no question. 3/ Every single day we are losing troops in Iraq and soon the American people are going to get really angry. 4/ The US is on it's own in policing the uncontrollable mobs in Iraq. 5/ You can be sure we are training and arming the retired Republican Guards that disappeared into the new Iraq Army. That one is going to be quite interesting a year from now when we turn them loose to police Iraq. 6/ Colin Powell, the only real warrior in the Cabinet announcing that he will not serve again I am told, has had a serious wake up call effect on our allies overseas. 7/ Corporate earnings improvement have been mainly from cost cutting and not from an explosion in demand. 8/ Ford has announced that they intend to fire 20,000 workers. Make it 40,000 and then we would have real time decimation of the assembly line staff. That has to have a real good effect on spending by workers. 9/ General Motors makes most of its money from their transition to money changers like GE with GM now having emphasis on mortgages just when the mortgage market falls stone cold dead. The next earning announcement is going to be a dilly. But not to worry, the talking heads on financial TV are super bullish. Damn, that certainly shows consistency. The S&P has blown out the 970 level which is now my/our new PIVOT Point under which I am short and at which I have stop loss market orders with an order to double my position each time it penetrates up or down. This has the effect of going from short to long to short until I got them good without going busted in the process. I am going to get that sucker right and will not stop trying until I do. Then having made a bunch, I go to lunch. Look, the juigglers have tried to punch my ticket and I can taste the time is coming to punch theirs. We did it in the bond puts and now we are going to do it in gold calls and short of the S&P. You and I, we have a score to settle, so if we get the opportunity lets rekindle all our courage and beat those jugglers, oh sorry stabilizers, into the pavement as we rise as the GOLD BULLDOZERS. Damn, I love an honorable fight! What is life without risk? Every time my wife laments, Oh God, not again, I ask her if Napoleon's wife got sick every time he smelled a battle coming. She says yes and she turned him in and how would I like a long vacation alone on sunny, warm Elba? jsmineset.com