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

To: russwinter who wrote (72274)	10/18/2006 1:00:07 PM
From: westpacific	Read Replies (5) \| Respond to of 110194

Yes Russ, it is all program driven...that is my fear! The techincals are just too good, I watch stocks trade to the T on technical after technical. Perfect bounces off 155 or 233 day EMAs, perfect P&F tops or bottoms, selloffs on overbought crossovers, and on and on. Stock after stock with nary any cash per share trading in the sky, I shake my head, who owns such garbage. Just look at the cash position of AMZN as an example or AKAM. Do you think they are worth these prices? At some point that is going to be the undoing of this market. Wait till all those programs decide to hit the sell button at the same time. Everyone is trading the same program! That has been my fear for a few years now, the risks have never been greater, few understand this. There was an ad in the IHT today, a guy harking 38% returns with a program he has developed. In London, looking for investors. All so simple really. This market is not about value, it is about a technical chart. West

To: russwinter who wrote (72274)	10/18/2006 1:07:37 PM
From: UncleBigs	Respond to of 110194

I agree Russ. Yesterday IBM reported earnings and instantly the stock gapped up $4 and change to $91.50 and never varied more than 50 cents. Whoever bought the gap higher couldn't have possibly had the time to even read the earnings release. Today, IBM is pinned in the $91 to $91.75 range and over 20 million shares have traded.

To: russwinter who wrote (72274)	10/18/2006 1:35:28 PM
From: benwood	Respond to of 110194

When some new group of pig men become big enough to exploit a weakness that the current dominant pig cannot mask, then I think the unpinning will be truly amazing to behold. Then the fallacy of allowing the capital markets to be manipulated so easily and thoroughly will be understood as private companies who had lined up to make legitimate stock offerings will find themselves without any takers. The entire validity of the stock market will be in question and hordes of real investors will take their money elsewhere. In the long run, I think this incestuous state of affairs is going to cause some serious long term damage.

To: russwinter who wrote (72274)	10/18/2006 4:55:36 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

Yep. 15,000 SP e-mini contracts per minute purchases at critical moments since 2002 is a proof of that. I suspect Pig Men and the Fed are one team. Eventually, when foreigners get tired of being paid with funny money, they will sell our debt and the dollar, and we'll have a combination of dollar debasement, rates skyrocketing, and the debt and stock market collapse. A scenario a la Argentina or Brazil. Until then, they will ,and have been doing all they can to postpone the crisis (which will make it much worse in the end). It includes interfering in every market, and supporting the dollar through derivatives (carry trade). Currencies and bonds are the main markets! While Yen and longer-term rates stay low, this environment will continue.