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

To: HairBall who wrote (23376)	8/5/1998 7:55:00 PM
From: Kip518	Read Replies (3) \| Respond to of 94695

I agree, someone made it happen, just not the Fed. Please do not ask me who.. LG, Fleck answers: Volatility doesn't adequately describe today's market action. As in days past,we traded rallies with slides the better part of the day. With about 40 minutes left, the Dow was off more than 120 points and the S&Ps down one and a half percent. In the next 20 minutes the S&P futures rallied about three percent. Goldman Sachs was seen as a buyer, and market rumormongers are always talking about Goldman fronting for the famous plunge protection team - that is Rubin, Greenspan and the boys. The existence of such a team is a fact that has been stated publicly. Whether Goldman actually operates as the plunge protection team from time to time, I really don't know. Conspiracy types seem to think it is true, and given all the nonsense that is going on in the world, it wouldn't shock me. stocksite.com Sounds right to me. GS ain't going to let their little lady stand out there in front of everybody with egg on her face (that's an okay look for ralphie, however) Looks like I may have to reverse a bunch of shorts tomorrow. Kip