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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (65599)	9/2/2003 3:18:11 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Blowoff now? Or selloff -g-

To: William H Huebl who wrote (65599)	9/2/2003 4:02:46 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

Well... Looks like the continuation of the "recovery rally" has been totally engineered in futures. Every sign is out that buying is futures-related, including COT on DOW. The Fed is buying DOW through JPM - that's "unconventional measures" - and buying Fannie's and Freddie's debt with both hands, while keeping things well under the rug on "accounting problems". Let's see how long this lasts. But the key market is DEBT, DEBT, DEBT. They are trying all tricks to hold this mess together, but... once debt goes, everything goes, and it will go fast, since it's nothing less than the collapse of 150 Trillion dollar debt pyramid.