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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 (77006)	10/2/2007 6:49:39 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

It's bouncing. Stocks should go down now with gold, but never count on that, that's a protected market. -g- They are way overbought though. Yen should move up. Why? Euro/Yen carry. Recession is the only thing that could cure high oil and food prices. High prices cure high prices kind of thing. -g- From latest Fleck articles.moneycentral.msn.com "An item that I felt folks would find most newsworthy is that the president's working committee on financial markets, known by some as the PPT, or plunge protection team, now has about 20 outsiders who attend certain meetings to advise the committee. One of them is none other than noted short-seller Jim Chanos, who left Grant's conference early last Tuesday to attend a PPT meeting. In response to my question as to why the committee had chosen him and others, he cited one reason: that the panel was worried about adverse publicity and wanted to communicate that there was no nefarious buying of S&P futures, as is constantly rumored." Sometimes it's the truth, but I found that whenever they try hard to convince everyone something is NOT happening, it does. "Subprime won't spread" - it's spreading. "PPT is not buying futures" - PPT has been doing that for the last 5 years. See that little 44 Billion buydown of US debt by the treasury in mid- to late- September? -g- Well, if they are trying to push tech futures to the moon, maybe we should get on board? -g- Never mind earnings, those did not matter for the past 10 years.