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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 (74482)1/30/2007 11:14:49 AM
From: Real Man  Read Replies (2) | Respond to of 94695
 
That does not matter to a market that is managed via futures -
the indices will be up nevertheless. The initial rally from
June lows was very narrow, futures-concentrated. This was bad
technically. Yet, the market followed. Some correction could be
allowed, but I'm 100% confident that as soon as the decline is
deemed to be too deep, Fed coupon passes and 2% up days
associated with them will re-emerge. The dynamics of this market
is different now. The BK has already occured - thousands of
trades worth many trillions in OTC derivative markets are allowed
to be not settled. The bonds of a financial CO (FNM) that has
not reported its accounting for 2 years and deserves to be
delisted trade at 30bp over treasuries. The only way this bubble
is popping is WITH the dollar.



To: William H Huebl who wrote (74482)2/21/2007 7:54:37 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
Now is the time. -g-

64.29.208.119

"Some may recall, I made a rare prediction that the market would top circa February 20. Why? It's not Elliott Wave, it's not some divine prediction, it's not genius on my part, it's the fact that the fed hasn't done a coupon pass since 12/20/2006. There's about a 3 month lag between when a series of coupon passes is implemented to when the effect starts to wear off. Well, the last coordinated series of coupon passes began on 11/20/2006 and…. It's been about three months. So, I expect to see some equity market weakness in the near future. This entire rally that began in July hasn't happened by chance, it's by design.

It's a rare occasion when I make a prediction, especially because the equity ‘markets' are no longer markets. Rather, the equity market levels are a Potemkin Village being used to disguise the actual state of the economy. Even with the current record levels of manipulation and farce, it's going to be hard to maintain these current levels - for Joe 6 pack is suffering. And when money flows turn the other way, it's a serious problem - even for the current manipulative regime."