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

To: Philipp who wrote (26282)	9/2/1998 6:53:00 PM
From: vegetarian	Read Replies (2) \| Respond to of 94695

>>Actually, yesterday looked to me as if there was steady intervention.<< How does one explain the > 1B volume on NYSE and NASDAQ yesterday?

To: Philipp who wrote (26282)	9/2/1998 7:01:00 PM
From: FJV	Respond to of 94695

An HK style intervention would be virtually impossible with a market the size of ours. In fact, if investor psychology becomes significantly less complacent than it is now, all $40 billion would not be able to put Humpty Dumpty back together again. I tend to agree that there has been some manipulation by big money in the markets as evidenced by all the recent program trading activity and the resultant market swings which bear no resemblance to fundamental valuations. I do not, however, believe that the PPT has had a huge hand in it. Hell, a couple of well heeled hedge fund managers can easily overcome the efforts of all $40 billion by Rubin etal. JMHO. Franco