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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (339303)	7/27/2007 9:18:44 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

Well, I can explain his view. His view is that the pig, as he calls this market, is only supported through the futures pits by 990N (money center banks), who get "tipped" about liquidity injections (coupon passes), causing denial of gravity. He seems to know the exact way how it's done. Without this constant support, the pig will crash, cause he does not see any other buying in the market. That view was supported by some statistics, such as record up days occurring on the day prior (AG era) or right on the day (Ben era) of a coupon pass. When liquidity runs out, the pig starts crashing. The prediction of such rough philosophy would be that there will be a coupon pass on Monday, and a mega-rally next week. However, if the Fed does not print, we will keep crashing and accelerate. That's it. While personally I think he may be a nut with the 990N stuff (he told the story way back when in 2004 or so), this seems to work. What gives? -g-