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To: harrypolo who wrote (5636)	11/15/1997 9:49:00 AM
From: bob	Read Replies (1) \| Respond to of 64865

Harry, Yes, without a doubt the financial press and other forms of the media both on TV and newsprint are in cahoots with the specialists. How many times have you seen totally unrelated world and/or domestic events used as an excuse to "correct" the markets? I don't think I can count that high! How many times have you seen stocks rise in anticipation of news only to sell off upon the presentation of that news. Who was buying the stock prior to the event and how did they know the news was "good", or vica-versa? How many times have you seen analysts give a stock a "strong buy" rating only to see a sell off in that stock a short time later? How many times have you seen analysts downgrade a stock only to see it rise in a relatively short time into the future? How many times have you seen biased reporting on a company in the newsmedia only to see the stock price rise or drop on that news which was not accurate? I could go on and on, but my point here is that yes the media in all of its forms are used to manipulate stock prices both individually and collectively and very often certain entities buy or sell on that news BEFORE it reaches the buying public. JMHO Bob

To: harrypolo who wrote (5636)	11/15/1997 4:54:00 PM
From: Rational	Read Replies (1) \| Respond to of 64865

Harry, There is a nice article in Barron's this week that says why Greenspan may be worried about deflation in Asia and the Japanese Government's decision to dump US Treasuries ($800 bil, held by pension plans) to buy Japanese Bank preferred stocks. The Treasury yield is bound to rise and the Fed may be forced to raise interest rate, lest banks will arbitrage (borrow low cost funds from Fed and lend in the market at high rates). Greenspan generally tries to not jolt the market and so he made a soothing gesture. Barron's suggests to look at the actions of government bodies, not what they say. The BOJ/Japanese Govt said they would not interfere the market, but what they have planned to do is different. It is a very ineteresting article, worth reading. Sankar