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

To: Bid Buster who wrote (74755)	3/2/2007 12:53:28 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Despite all the selloff, we had far more +1000 or above tick readings in the last few days than - 1000. Looks like we hit tick = -1000 twice - once on Feb., 27, once on Feb., 22. In comparison, tick + 1000 was hit at least 10 time just Yesterday. The Fed and the PPT are sure working on another fix. -g- All large spikes that PPT administers are accompanied by tick +1000. There is no other support, as they killed all bears. So, once the market that really wants to go down overpowers the manipulation, I would expect more computer glitches. I'm still not sure it "happened", as the market does have a pinned look again. On Feb., 27 we had 2 + 1000 tick readings, 1 -1000 tick reading. Yesterday tick got to +1400 -g- Quite a few +1000 readings on Feb., 28 as well. Mr.Fed vs Mr. Margin call... Who wins the battle? -g-

To: Bid Buster who wrote (74755)	3/3/2007 9:44:15 PM
From: Real Man	Respond to of 94695

Subprime trouble catching up. Oops, wrong thread for this, should have posted on Credit bubble thread. The stock rout sure helped the bonds this week. Spreads grew wider, but not enough to compensate for interest rates declines. From Doug Noland this week: Dow Jones (Leslie Wines): “The cost of insurance against a default by top investment banks Goldman Sachs Group Inc., Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Morgan Stanley ballooned this week, amid increased nervousness about their exposure to the shaky subprime lending market. The trend toward more expensive credit-default swap protection for these four banks began last week and accelerated this week, said Michael Fuhrman, an institutional equities salesman for GFI, an inter-dealer broker for credit derivatives.”