greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

For what it's worth, again, this is from a market newsletter writer. Today, Tuesday, Dan Ascani, in his daily WEB UPDATE received after the close, claims to have VERY reliable information that the PPT was active in the markets the past two days, in NY at least.

It certainly explains the suspicious, anemic last-half-hour rise Monday in the DJIA, and the rise today despite HORRIBLE new highs/new lows, a non-conforming Nasdaq, etc.

Hope Greedspin has extra diapers for tomorrow. The US trade deficit comes out, and they can't falsify that one too much, can they?

I posted a few days ago, in response to a news item posted by someone about the port of LA shipping (receiving) value/volume being WAY UP due to pre-Y2K stocking, that just think what the trade deficit number out next will look like. We'll see. PPT for now at least have ruined a near-perfect wave 5 crash wave.

-- profit_of_doom (doom@helltopay.ca), October 19, 1999


Profit of Doom,

I enjoy reading your posts. What do you make of the S&P futures being up again in after hours trading?

-- (DowGuy@wallstreet.com), October 19, 1999.


-- me (me@me.me), October 19, 1999.

People assume that the trade data is not falsified because it's so terrible.

I believe it is very likely falsified. Since literally every other indicator is played with (cooked) - why not that one? Think what the real number might look like!

-- Me (me@me.me), October 19, 1999.

I was wondering that myself, as I took a look at GLOBEX and the NIKKEI before I posted.

I suspect this is a VERY scary sucker(BEAR) rally. It CAN'T be a bull market rally, as I have posted earlier, as the technicals are totally whacked in EVERY department. THIS IS A BEAR MARKET, NOT A "CORRECTION". Even the venerable DOW THEORY says it is, yet no one is listening.

Note that the DOW has now retraced only less than half its loss. I suspect that if we see a 38% rise(retracement), it would be time to batten down the hatches. Again, this "gain" has come on the worst strength in 67 years, according to Jim Stack of Investech(www.investech.com).


Even Prechter, in his free end-of-day commentary(www.elliottwave.com)for Tuesday, has let it out that we are in for a SURPRISE,and I can tell he doesn't mean a nice one. Tuesday's action was VERY suspect because the market decayed after the first 90 minutes, AFTER the supposed good news about the "low" CPI. The sheeple have been dumbed down to where even "Dumb& Dumber" are smarter.

Their memories are so short that they don't remember the shellacking last week when the PPI came out well over 1%, and IT'S the LEADING inflation stat to watch;inflation comes down the pipeline from the producer to the wholesaler to the consumer. So the CPI is PAST history, like looking in the rear-view mirror.

The huge PPI number will come thru the pipe soon, yet the lying bastards on TV(I actually heard this said) were gushing about how great the CPI number was today, and how this would mean the FED would not have to raise rates!

I suspect that Greedspin thinks he has assembled a "Dream Tag-Team", what with him jawing down the market, and having the PPT around to slow down the leak as it tries to blow the balloon.

Guess what? 30-YEARS are touching 6.5%!!Greedspin is so far behind in the short-term rates, he may as well be in another decade. I still maintain that history is the greatest teacher.THERE HAS NEVER BEEN A MANIA IN ALL OF HISTORY THAT HAS NOT ENDED IN A TERRIBLE CRASH.


What is worse is that this is the most EXTREME mania ever seen, and by the most number of people.

Any mania can be expressed very simply as a parabolic curve on a graph of price vs time. The 1995-1999 time frame is a wonderful parabola.

-- profit of doom (doom@helltopay.ca), October 19, 1999.

Actually, as bubbles go, I think the tulip bulb thing may have been just *slightly* worse ;-)

-- Me (me@me.me), October 19, 1999.

I've said it before and I'll say it again-The Powers That Be will do and say ANYTHING to preserve the status quo for as long as possible and you can take that either way-that is, they really are altruistic toward all us consumers/investors/speculators or they need to keep the populace pacified and oblivious to successfully execute whatever NWO plans they have in the works. IMHO of course.


-- Jeremiah Jetson (laterthan@uthink.y2k), October 19, 1999.

Jeremiah, the Powers The Be seemed to have used Kosovo as their "NWO" opportunity to bomb the bajabbers out of China's most pertinant espionage network on the Middle East.

-- Paula (chowbabe@pacbell.net), October 20, 1999.

I know that the damn Consumer Price Index they announced today has got to be a lie, .4% ? ... what a load of crap. I guess they don't even count the price of food, which only happens to be something we buy everyday! I don't know if anyone else has noticed but the prices at the grocery stores have been skyrocketing.

Bottom line... the government is going to lie, lie, lie, and the PPT is going to do everything they can to keep the market riding high right into Y2K, and hope that after the 1st people will see that the world didn't fall apart, and the confidence will take over again.

I don't want the economy to go bad, but I hope that Y2K causes enough disruptions of business to crash this ridiculous market right down to where it should be, IMO around 3,000 - 5,000.

-- @ (@@@.@), October 20, 1999.

The market will crash when The Evil Ones decide they want it to crash. They want to destroy as many lives as possible. They want to suck more out of the people. It will come soon, but, probably not until Y2k. This crash will have the people in so much pain that they will accept the "NEW WAY" Will you take the mark? If not I'll see you in heaven.

-- Jesus is the answer (thebeast@isnear.anytime), October 20, 1999.

Guess What? The trade deficit narrowed. They can't be lying about everything. S&P futures are up too. Looks like another good day on Wall Street.

-- (Where'sthe@Beef.com), October 20, 1999.

Where's the beef,

The trade deficit narrowed. How do you know that isn't just another lie to keep the market from crashing?

-- @ (@@@.@), October 20, 1999.

@@@@@@, Is everything a conspiracy? Is everything a lie? The guru's on this website appear to have been wrong about all their predicitons. Andy say gold would hit 400 a week ago. It's ready to go below 300 today.

Yeah, Where is the beef?

-- (Where'sthe@beef.com), October 20, 1999.

Hey moron, can't you tell the difference between a name and an e-mail address? My name is @, not @@@@@@.

The facts that you point out about predictions not occurring just make it that much more convincing that there is manipulation going on. No point in arguing with someone who is pleased with this. We'll find out early next year. The disruption to business activities is going to be significant enough to scare investors, and the PPT is not going to be able to keep the bubble from collapsing any longer.

-- @ (@@@.@), October 20, 1999.


Were you born gullible, or did it take you a number of years to get that way?

-- (Where'sthe@beef.com), October 20, 1999.

Hey Meathead... or, uh Beef (head),

YOU are the one who is gullible remember? I'M not buying into this deception, YOU are, and you're going to loose your ass because you're a MORON!

-- @ (@@@.@), October 20, 1999.

More coffee! This thread needs more coffee!!!

-- King of Spain (madrid@aol.cum), October 20, 1999.

Your name is @! Is that the same as "a"?

Talk about morons!

-- @@@@@@@@@@@@@@@@@@@@@@@@@@@ (lotsofmorons@this.board), October 20, 1999.

What, are you blind??

Of course @ is not the same as "a" meathead.

"a" is a completely different person.

And if you can't see the difference between @ and @@@.@ you must be a freakin IMBECILE!! MORON!!!

-- @ (@@@.@), October 20, 1999.

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