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

To: Joe Stocks who wrote (69467)	9/7/2006 4:21:55 PM
From: Joe Stocks	Respond to of 110194

Program trading last week was 62.6% (computed the old and right way) 62.6% of all shares traded on the NYSE were involved in a program trade. That means that probably 85% or so of all S&P500 stocks were in a program trade.

To: Joe Stocks who wrote (69467)	9/8/2006 1:17:37 PM
From: John Vosilla	Respond to of 110194

'Something happened in 2002 that made the SEC and the Federal Reserve turn their head to any kind of shenanigans that the GS and others wanted to commit to boost their profitability as long as it was for the greater good of the total economy.' That is about the time the marketing and use of toxic loans started going mainstream as well. And the rest is history..