I am getting so sick of watching this market be supported, just let the dang market sell off. We are going to see more and more US companies warn as wallstreet as usual raises estimates sky high to justify valuations. Just let the market fall. Man I am turning bearish, and am sick of all the spin about the corporate earnings.
The PPT will NOT allow the market to sell off to much to soon! They are propping up everything. They have a new directive which allows the The Banks to hold positions and not report them for National Security reasons. Also, the futures exchanges are NOT revealing counterparties!!! Have to admit ---these guys got all the bases covered.
And look how the forces paint our lovely charts, it that an inverse head and shoulder pattern, quick run and buy, everytime the market falls you are guaranteed to see one of these. It has become so predictable.
Time for the lunch hour prop up, tap tap tap the light offers. This whole show reeks of manipulation.
way to much to go into here. I will try to post a great report by Spratt Asset MGT from last year on the PPT. I have been around too long --and have seen way to much to get into a tit for tat. Inform yourself and believe what you will---I am not here to convince. Oh and it is NOT a conspiracy. Peas in a Pod do NOT have to conspire. They are done for if the US stock goes. It is a national security directive. And a very official one at that these days. Google the topics this weekend and read till your hearts content. Let me see if I can pdf this report it is a BIG one --it is a great primer on the PPT. Also you may want to google George Stephanopolous statements after Sept 11 regarding the PPT.
It will not let me post my SP management report on the PPT---it is too big. Just look up the Plunge Prevention Team.
Ozzy to the rescue!! there it is. look up the recent article in the New York Post about how George Stephanopolous spilling the Beans after Sept 11th right on Nation TV. I would confirm his quotes as being true. I was on a well connected trading desk. The Govt put the word out to the Hedge Funds that if they fooled around and did anything stupid (like a lot selling) they would be buried....literally. So of course everyone wanted to be a patriot! LOL. I was buying.