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To: Bill Harmond who wrote (20433)10/7/1998 2:05:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Thanks. But that may only affect tomorrow to a limit extend?



To: Bill Harmond who wrote (20433)10/7/1998 2:07:00 AM
From: Dell-icious  Read Replies (3) | Respond to of 164684
 
Futures are up big: S&P up 2000; Nasdaq up 3200 at 11pm PDT. My fear is that we might open up big and sell into the rally like we did today. Although we are due for an oversold bounce: Nasdaq is down nearly 250 points in just 5 trading sessions.
Dell-icious



To: Bill Harmond who wrote (20433)10/7/1998 6:25:00 AM
From: Verkaylac  Read Replies (1) | Respond to of 164684
 
fyi...the Japanese jiggle the Nikkei with government pension funds in order to create the illusion that the equity market loves what they do.

I wouldn't be surprised if they don't buy S&P Futures as well to make people think that the Americans love their statements as well.

IMHO, outright manipulation has become SOP in many of the world's markets. Certainly has been going on in Hong Kong. I wouldn't be surprised if US investment banks don't buy Futures in thin overnight Globex trading in order to try and support the bullish views of their strategists. In fact, I wouldn't be surprised even if certain "news" organizations aren't doing it as well.

Sad thing is that this actually works. Unsophisticated investors now look at the Futures obsessively overnight (something that was not down at all even 2 or 3 years ago).

And let's not forgot the manipulation from analysts who deliberately low-ball estimates so that companies can beat them.

Illusion has become reality. Then again, this is the Age of Pure HYPE!