Dark, You can't really say it would absolutely be a dumb thing. It dosen't take much to spark a rally in a deep oversold bear market. Who's to say that the articial bottom would not turn out to be the aboslute bottom that perpetuated more buying and more buying??? You just never know right? Publias
It has been called the "Plunge Protection Squad". They operate in several phases: 1) Notify all members of the "Club" that action is impending. 2) Wait an agreed upon period of time to allow "Club" members to cover substantial short positions. 3) Provide "Free" funds to members to buy it up enough to erase most of the recent losses. 4) Let CNBC and the other shills bring back in the suckers. Sounds like J.P. Morgan and the boys to me. ~EC
Given my recent "discussions" (to give you more credit than you deserve) with you, you, yourself certainly qualify for first and third.
I'll never forget the surprise fed easing that cause the ultimate blow off top. The market was a nobrainer countertrend short off an oversold move in a nice uptrend. Super sweet shorts around, then in the middle of nowhere Greenspam eased...... IMO to stave off the selldown. Had the same market ignorance feel to it back then. Nobody is bigger then the market, they can only affect or dely the trends they cannot control.. But for stupid reasons or brilliant ones, as Publias so rightly says... you take your stops and ride the market the other way I did very well off that fed ease, the trend that followed was very strong. Good Luck and Good Trading! -Bo Yoder
this is great! now i'm being randomly insulted? you start something by calling me names and then get mad when i return your serve with more power than you can handle? all you chip on the shoulder guys are the same, you try to tear down others and make yourself look worse. and don't tell me you don't care, or else you wouldn't have taken the trouble to write what you just did...i'm only a year older than you, but you could stand to grow up a little yo. i tell you what, post a poll 'is darkhorse an ass, yes or no,' then reregister yourself over and over and vote yes 50 times, just to make yourself feel better.
C'mon bro get a life! While you may not agree with what Dark has to say or the manner in which he expresses it why resort to pettiness... You are making yourself look foolish! Publias
You are completely correct. My attempt to push his buttons and infuriate him most certainly backfired. Twas only to be but a joke, nevertheless, it is a nasty habit which I must endeavour to exorcise. Sorry!
cool... You are both very intelligent people and I enjoy both of your posts... I didn't want to have to cast you on the ignore list with that Lundy guy