Gaming The Mechanical Bids
#2
Posted 02 January 2007 - 09:22 PM
Mechanical bids = buy only? Or keep buying without stop?
Edited by redfoliage2, 02 January 2007 - 09:28 PM.
#3
Posted 02 January 2007 - 09:29 PM
Theyll make more on the downside movement...the execs already cashed out...don't see this rally lasting long...these bullish calls by semi and housing industries are bogus....
I think we tread for a little bit...
#4
Posted 02 January 2007 - 10:27 PM
We have had seven months of falling indicators, a falling housing market, a falling dollar and an inverted yield curve. Real GDP has fallen from growth of 5.6% in the first quarter to 1.6% in the third quarter. We really do not believe that Mickey Mouse revision to 2.2%. The scale of the false boom will be reflected in the same magnitude to downside, if not greater. Credit is at the basis of the destructive process and the current credit and housing boom has been the most expansive in world history. That means the correction will be of Titanic proportions, nothing like anything the world has ever seen before. Who with any sanity can justify outstanding mortgages increasing from $4.8 trillion in 2000 to $9.3 trillion in 2006? In five years mortgage growth has equaled that of the entire earlier 50 years. Who can justify such madness?
My Webpage
http://www.zimbio.co...Veyron Crashing
#5
Posted 02 January 2007 - 11:32 PM
Hi snorkels4, thanks for your well-stated comments! Thanks for the informative link to the Chapman report.Goldman Sachs is at it again – rigging the market. A few months ago they changed gasoline's weighting in its commodity index and gasoline plunged. Recently the stock market averages have been acting unnaturally vaulting higher without so much as any correction. This has been triggered by a mysterious reduction in margin requirements for an already over-margined hedge fund community that has cranked up the markets since October. It is purely mystical why every time the equity markets look like they are set up for a downside correction, buying comes out of nowhere to drive the market back up. There are always mysterious buyers who appear at every correction juncture. We are sure the mystery buyers are our Working Group on Financial Markets and the Fed via the repo pool. If we did that we would go to jail.
We have had seven months of falling indicators, a falling housing market, a falling dollar and an inverted yield curve. Real GDP has fallen from growth of 5.6% in the first quarter to 1.6% in the third quarter. We really do not believe that Mickey Mouse revision to 2.2%. The scale of the false boom will be reflected in the same magnitude to downside, if not greater. Credit is at the basis of the destructive process and the current credit and housing boom has been the most expansive in world history. That means the correction will be of Titanic proportions, nothing like anything the world has ever seen before. Who with any sanity can justify outstanding mortgages increasing from $4.8 trillion in 2000 to $9.3 trillion in 2006? In five years mortgage growth has equaled that of the entire earlier 50 years. Who can justify such madness?
My Webpage
Cheers,
Bob-C
#6
Posted 03 January 2007 - 12:29 AM
http://www.zimbio.co...Veyron Crashing
#7
Posted 03 January 2007 - 08:21 AM