Detoxing the Markets: Bears Still Look Hungry

Source: www.thestreet.com ^ | 07/16/2002 | By Peter Eavis

[Lazamataz]

[Long term] Market prediction is delivered.

[Lazamataz]

No-bottom-yet bump.

[Lazamataz]

Bears still chomping bump.

[Lazamataz]

Buy-high-Sell-low bump.

[Lazamataz]

2002-election-blues bump.

[Lazamataz]

penny-cost-averaging bump.

[Lazamataz]

Tank-MacNamara bump.

[Lazamataz]

Derailing the Market Maglev Train bump.

[dennisw]

Let's pretend there is a PPT. The PPT cleaned out a lot of shorts yesterday. Put them on notice that feasting off a subsiding stock market can be painful. Shorts accelerate what would be a gradual/orderly decline.

PPT= plunge protection team run by our federal government through Treasury

[bandlength]

wait a minute!

bill clinton broke the business cycle. . .

islam is a religion of peace . . .

the check's in the mail. . .

it's not you, it's me. . .

[Lazamataz]

PPT= plunge protection team run by our federal government through Treasury

I agree. But Alan Greenspuge and the PPT are running out of rope. If you've noticed, the huge increase in the money supply (which then appears to be used to fund the Plunge Protection Team) seems to be causing a precipitious drop in the dollar.

They cannot afford much more Plunge Protection. The markets should equalize at their justifiable levels anyways. All they are doing is making things worse and giving us a weak dollar to boot.

Inflation will occur if they keep this up, as well. I am shocked it hasn't!

[cibco]

Will the Mods change your title at the end of the day to "Bears Out to Lunch"?

[Lazamataz]

My two favorites have always been:

1) The check's in your mouth.

2) I promise I won't *** in the mail.

[Lazamataz]

Will the Mods change your title at the end of the day to "Bears Out to Lunch"?

That was something. They just cannot seem to keep their hands off the titles, should the article be one that is negative (if still realistic).

One Admin Mod asked if the title should go back to the way I posted it. Polite fellow. So I said, "Yes, please do". He or she complied.

Not two hours later, there was YET ANOTHER title change. This time there was no Admin Moderator asking if the title change was okay.

I'm feeling like my articles are METRA trains and the Admin Mod's (as well as many posters) cannot help but tag them with graffiti. Satis est potuisse videri.

[cibco]

Oh well... if patterns hold, the DOW will go up 145 today and every one will relax and start buying. Buy on the dips ya know. Or was that buy the Dips?

[habs4ever]

If there was such a surge in the money supply, then gold would be at $380.Please keep in mind that the dollar lost 50% of its value from 1985-'88, and the world didn't break into lil pieces.

And this idea of a PPT is so ridiculous, that well, it could only come from a piker.This is what bear markets are like.Everyone has a pet theory why things sell off.They sell off because they NEED to be sold.

So, head back to the shower or try the beach....

[Moonman62]

Here's an interesting chart. The last remaining supply side economy (Russia) is in blue, the New Hoover economy is in red.

[Timesink]

2) I promise I won't *** in the mail.

Oh man. I thought that was piegon droppings! You sick ...

[Timesink]

A 500% rise doesn't mean much when you're starting from ten bucks.

[Lazamataz]

If there was such a surge in the money supply, then gold would be at $380.

Are you denying that there has been an extreme surge in the money supply?

And on what do you base the theory that US money supplies are the primary driver of gold price?

And this idea of a PPT is so ridiculous, that well, it could only come from a piker.

Hey, I'm with you! And that whole TWA800 thing? It really was the center fuel tank spontaneously exploding! I also think the pristine bullet really did go through JFK, Wallace, and that third fellow and emerge perfect and undamaged! And President Clinton never had sex in the Oval Office! It's all true!

After all, the government has NO MOTIVATION to tamper with the markets. None. Nope. Not a whit.

This is what bear markets are like.Everyone has a pet theory why things sell off.They sell off because they NEED to be sold.

Nice hat and magnifying glass, Sherlock.

But the fall cannot be too precipitous, and that's where the PPT comes in.