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

To: HairBall who wrote (25647)	8/30/1998 1:02:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

LG; I don't know were you get it that I blame it on any one, other than the system itself. I was tipping Bears off, don't get to elated as if it crashes the side effects are monstrous. And if they think it is going to crash, then have the bills paid off. I've seen the market as a Ponzi scam and said so many a time, the crap of blaming the little guy for bidding it up is just as wrong as blaming the poor ( outside shorts ) for running it down. The retirement funds, are more into tossing money in the market than anyone else and the Joe six pack has no idea of what's going on, except what his broker tells him. ----------------- The big fault lays in derivatives, and the huge speculation in them, mostly that's silent & they have the market leveraged like never before. And I'm not talking just margins, this kind of leverage goes way beyond margins it works good in an up market, but when things go sour it don't work so good. Not that they don't know how to get out ( most of them do) but they are the ones who ran up the market, not the guy saving for his retirement, he just played into their hands trusting his pension fund manager. How can we fault him for this trust ? If we are to fault someone; better look at why GreenSpam ran to Congress and told them not to look at the derivative market, why is every one being told they can't understand these complicated finance instruments that the international bankers use..what a joke, they know they are stealing, and don't want any one to look. ------------------ It's rigged LG , and the little guy didn't set that up, he inadvertently helped, but without any plan to grab the money and run, in most cases he did just what he was told, and put money in for the long haul, and very little of this down turn is the little guy pulling his money out. By the time he gets to that point there isn't much left. ----------------------- But most of the shorts on SI are also small fries and have no idea of what will really happen if the music stops. Jim PS I did a long thing on Big arbitrage players with the status to really move the market, those who take both sides of the street in writing derivatives, they play a cinch shorting if the down limit is reached , and buying if the up limit is, they always collect on one end, & least break even on the other, for them it don't matter which way the market goes. We are like minnows to them, hell they may trade more currencies & bonds on any given day than the total market cap of the S&P. Jim