Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: andy who wrote (19169)	9/17/1998 3:23:00 PM
From: Alex	Read Replies (2) \| Respond to of 116762

From Cyclepro................. Where Are We Now? Update 9/16/98 PM: I need to blow off a little steam, so please bear with me for a moment... This web page has been getting hit 250-300 times every day for the past several weeks. I have been quite surprised by pleased by all of the comments I have received. I know a lot of people have been reading from this page. I think the open interest on the September OEX 430 puts were several thousands higher than if I had not publicised this information. The market is still vulnerable to a major correction because the fundamentals have not improved enough for the resumption of the bull market. If the U.S. Stock Markets were freely traded, then I believe they would more honestly reflect the moods and collective psychology of the participants. But, it is quite obvious to even the most casual observer that very significant rallies have taken place, exactly timed with speeches made by President Clinton. He did not say anything that was all that bouyant that the market should rally, rather his "I repent" speech should have sparked a sell-off. However, heavy buyers were peppered through the markets to buy S&P futures and stocks to trigger stop-runs to fuel the rallies higher. I have heard that Goldman-Sachs was one of the heavy buyers -- that makes sense since they want to go public with an IPO offering next month and a down market will not reward their partners with the multi-millions of dollars that each one was expecting to receive. The charter for the U.S. Federal Reserve was to protect the U.S. currency, not manipulate the stock markets to make the President look better. There should be trails that can be followed that can publicly prove this manipulation is going on -- no crime is completely void of evidence. The money supply is one indicator that cannot be altered. Personally, I can only follow the tick-trades of the S&P futures contracts (also DJI and NASDAQ) which show that significant heavy buying is taking place that jolts the markets and sparks a self-feeding stop-run rally. I would hope the Securities and Exchange Commission would be investigating this activity. However, I have read that there was a memo from former FED Chairman Robert Heller that outlines how to stop a stock market crash (like in 1987) and suggested the President of the SEC, President of NYSE, President of U.S., Secretary of Treasury, and FED Chairman team up to plan their strategies. Did anyone ever wonder why other markets around the world have fallen further or are collapsing while the U.S. is not? The answer should be that many of the other markets around the world are actually freely traded. The U.S. markets have not been totally free since the crash in 1987. I am not trying to suggest that it is alright for markets to actually "crash", but it is clear to me that by artificially supporting a stock market that is only allowed to go up, it only makes a true crash all the more likely when the market reaches a point of bloated excess (such as DJIA 9300). If you blow up a bubble, there are only 2 ways to stop, either you let the air out slowly (bear market) or it pops on its own (market crash). If anyone would like to help search for the necessary evidence necessary to submit for a Congressional Hearing, please e-mail me and perhaps we can get it started. I do not care if the markets go up, or if they go down, I just want all investors to be able to know that they are playing in an open and freely traded marketplace. Alright, I am done now... I feel better for getting that off my chest and out into the open. geocities.com