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

To: Bonnie Bear who wrote (9653)	11/13/1997 8:47:00 PM
From: Jack Clarke	Read Replies (1) \| Respond to of 94695

Bonnie: You keep mentioning market manipulation which intrigues me, because I am also thinking about it. As serious a writer as Jim Grant (Interest Rate Observer) has talked about this possibility in one of his books and in his recent newsletter. My question: Is there any serious material about market manipulation available on the Internet? I may write a letter to Secretary Rubin and AG just to see what sort of perfunctory reply I get, if any. Problem is that even if they admitted they were doing it, the public would approve. Only those nasty short sellers would be getting hurt, you know. -g- Jack

To: Bonnie Bear who wrote (9653)	11/13/1997 8:50:00 PM
From: Jerry Olson	Respond to of 94695

That's what I thought...All the stocks are getting crushed and the DOW is going UP>???? Me thinks somethings amiss, and it will ALL catch up in one fell swoop..it dosen;t add up???? Thats why i'm hedging large....

To: Bonnie Bear who wrote (9653)	11/13/1997 9:36:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Bonnie, the New York Fed bailed out the market in Oct. 87 trough the future markets, by assuring all big brokerage houses and the major banks of plenty of liquidity for this purpose. The have done the same several times before. The future pits are full of short term followers and scalpers which move from by to sell on a dime. The rumor of a big "buyer" or "seller" moves the market. The assumtion of the FED intervining in the markets is well ingrained in their memory, therefore any real big buyer with the rigth ties moves the market. Today it was a very sinister testimony of A.G. even if to the untrained ear sounded like "not a big deal". Therefore the markets sensed trouble and tanked. Well with one phone call to the right institution and "presto" the market turns on a dime. Even I went long intraday, after I noticed this action and closed at 3:55, (made 1.25 points) and I am not alone ;). Happy trading Haim

To: Bonnie Bear who wrote (9653)	11/14/1997 2:20:00 AM
From: Lazarus_Long	Read Replies (1) \| Respond to of 94695

Hmmm....I've gotten the distinct impression recently that the financial press is being manipulated (or is trying to manipulate us). I'd noted oddoties in the way things are reported, but what forced this to conciousness recently was that WSJ online said that only the tech stocks were being impacted by the Asian crisis and were going down. This was a couple of days ago when the Dow dropped 157 points. Actually, most stocks were down somewhat. They're not exactly lying, but they're shading the truth.