I really expected to see the mega-rally
Started by
raven
, Oct 04 2008 04:17 PM
10 replies to this topic
#1Posted 04 October 2008 - 04:17 PM
from hell last week. I knew the bailout bill was going to pass -- it was nearly a mathematical certainty. I was expecting the PPT to use this event as a catalyst for a major rally. It obviously did not happen, which leaves me surprised (and poorer).
I still believe that TPTB will not allow equity investors to lose money. Remember that even though the current administration only has about 3.5 months left in office, it is deeply in the pockets of Wall Street. I would advise not understimating the resources of the PPT. #3Posted 04 October 2008 - 04:23 PM
You always claim that you make money using me as a contrary indicator. If that''s the case, it is appropriate for you to show a little gratitude.
#4Posted 04 October 2008 - 04:32 PM
Thanks mucho raven.
#5Posted 04 October 2008 - 05:02 PM
-I still believe that TPTB will not allow equity investors to lose money.-
Dude...you can''t be serious. I believe, with broad averages down 25% or more....and banks, finance, homebuilding and many other sectors down 75% or more...the proverbial "horse" has long left the barn... If you waiting for the "PPT" to save the day, I wouldn''t be holding your breathe. imo #6Posted 04 October 2008 - 05:20 PM
You are so dreaming....equity investors will be the first and foremost destroyed.
#7Posted 04 October 2008 - 05:40 PM
PPT has certainly demonstrated the ability to juice the futures and spark a rally. I suspect TPTB are just as happy to make money on the down swing and buy more when a bottom is apparent.
#8Posted 04 October 2008 - 06:05 PM
They were never restricted from shorting.
Also, TPTB have shown in 2000-2003 that they are more than willing to see a market crash. This will be worse. The systemic risks are greater by a magnitude or ten #9Posted 04 October 2008 - 06:59 PM
for the last three years. The money has aleady been made. Saving GS was the only thing left to do and they accomplished that goal this week. The market is getting extremely over sold, so another near market rally is coming soon. However, if Cox lifts the short selling ban, I don''t think it will last more than a few sessions.
#10Posted 04 October 2008 - 07:03 PM
and they will want Taiwan and expect us to look the other way. That won''t be the last they either.
Proverb:22:7: The rich ruleth over the poor, and the borrower is servant to the lender. #11Posted 04 October 2008 - 07:35 PM
Sad deluded fantasies externalizing poor self confidence to nebulous bogey men results in poor market calls and posing trades. Which supports the notion that they are out to get me.
The paranoid mind is a fascinating case study. Delusions of the existence external malevolent star chambers manifest equally deluded expectations of market movements that fail to occur, give credence and evidence of the existence of such malevolent bodies due to their inaction. Ah ha, and when did you begin to have doubts about your ability to succeed....
There is symmetry in most things. In the markets, the greed on the way up is equal to the fear on the way down.
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