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To: Real Man who wrote (367524)	5/6/2008 4:31:52 PM
From: Secret_Agent_Man	Respond to of 436258

CARTEL CAPITULATION WATCH I am listening to Dylan Ratigan of CNBC in the background commenting how impressed he is with the market action with all the bad news hitting the tape. Bob Pisani is cheerleading the same comment, citing one bad headline after another. They both articulate the view that the market is looking forward and the incessant bad news is discounted. Give me a break. Discounted what? $122 oil? A housing market which shows no signs of a bottom? Manufactured, misleading jobs numbers? This is nothing more than a PPT orchestrated farce. The market managers in the US are petrified that a falling DOW will crush whatever kind of positive consumer sentiment is left out there in America. Therefore, they are throwing everything they have at the market to keep it stable. It’s LOONEY TUNES time. What makes it worse is almost no one on Planet Wall Street will GO THERE and call a spade a spade. Instead, we get the same scripted drivel about our stock market, as evidenced by the response from the venerable Richard Russell to a subscriber email: Please Mr. Russell, just once address the notion that the stock market is rigged and that your charts are being handed to you by the Plunge Protection Team? The market isn't discounting a damn thing! The markets cannot speak any longer. Mr. Market is hog-tied and gagged in the back room while this PPT imposter pulls the wool over your eyes! Seriously. You are starting to remind me of all the people who refuse to see that our elections are rigged. "Not in America," they tell themselves. Yes, in America. The trouble with them, and with you, is: you can't handle the truth. It would mean that everything you believe in and hold dear is a lie. The DOW Theory only holds true in an honest market, but that's not what we're looking at. There will come a time when the PPT won't be able to keep its finger in the dyke any longer, as the pressure on the other side will be too great. Then all hell will break loose. But for now it's curtain time and it's all a big phony act. Thank you. Regards, Marilyn Russell Comment -- You may be able to manipulate a few stocks or even the market for a day or two, but you can't manipulate the trend of the market, much as many people would love to be able to do it (even the Fed can't do that). ........................................................ Good grief, I just heard another Planet Wall Street apologist saying the US is having a tough time, but the rest of the world is doing just fine, and that is why the DOW is holding up. Is this guy in the dollar bull camp too, for the same reason? Huh? This is without a doubt the most grandiose farce in financial market history. The news could not be more bullish for gold, yet The Gold Cartel won’t let it get out of its own way. And, the stock market news is dreadful as can be, yet it marches higher. The DOW, reversing course all day long, finished up 54 to 13,024. The DOG gained 19 to 2483. AND, the S&P remains in the bullish clear technically, finishing up 11 to 1418. This morning (like yesterday), and a clue of what was to come with the DOW down 100 before the PPT turned it around, the S&P was much stronger than the DOW and holding its widely watched technical support level (formerly resistance) above 1400. The PPT was not about to let that number fail, which might bring in a wave of technical selling, no matter what news hit the tape. The more this market manipulation is perpetrated on US financial markets, the more it really does seem like The Stepford Wives or The Matrix. What makes it more so, is the bizarreness of it all in that no one out there is calling the Orwellians on their clandestine operations … that is outside many of us on Planet GATA. How will it end do you ask? Think the ROADRUNNER cartoon, in which he is spinning his legs like crazy, moving right along, and then realizes he is finally only spinning his legs after going over a cliff, as if he were still on land. EPIC farce it is, in so many regards…. gata