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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (68879)8/26/2006 8:18:43 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'MER fell half a percent, and GS fell a percent. Both made new lows for the week today as well, and given that the brokers often lead the rest of the market, it’s another sign that time is running out for the rally. The derivative king fell a touch. BAC fell a percent, and C fell a touch. GE was flat.'

Any thoughts on the 'Plunge Protection Team' holding our largest financial institutions stock prices levitating in order to allow a slow graceful exit? We've literally had a stock market crash since May for most stocks, the yield curve stays inverted and we enter the worst two months historically for the market..



To: orkrious who wrote (68879)8/28/2006 12:35:06 PM
From: Perspective  Read Replies (1) | Respond to of 110194
 
LENDERS: Well, like it or not, I've got my first substantial positions against the lenders now. This rally hit my asking prices for ACF, BKUNA, CFC, DSL, and NDE. Who would buy this stuff here? Fed rate cut anticipation or something?

I expected an opening bounce, but their stamina is surprising. I much prefer those entries where I get it right at the opening bell and it fades for the next twelve months, but I guess they can't all be that comfortable...

BC