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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Mitch Blevins who wrote (12855)	10/27/1997 2:58:00 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 50167

Tomorrow they will show a upward moving market. This is based on how SEC, US Treasury and MMs managed to make falls postitive rally on the day after 1987 crash. As per NPR report couple of weeks back treasury actually warned big banks on following Tuesday after Oct. 1987 crash to lend money to MMs so that they can keeping buy shares that people kept on dumping. But in reality they used that money to buy futures contract. That shows how much is at stake. This time it has to be a much more concerted effort than in 1987 as there is so much is at stake in terms of political heat and baby boomers retirement capital. They cannot let this senseless slide to continue. One basic observation about the market is bulls have long time to make profit while bears have a very short duration to make a kill. So bull can relax and make money which bears won't have as luxury. -Karun