View Single Post
Old 10-09-2004, 16:35   #2 (permalink)
Habib
level 3
 
Habib's Avatar
 
Join Date: Jun 2004
Posts: 269
Rep Power: 0
Habib is an unknown quantity at this point
The first and foremost proof

that this rally was fake was that they started it in late NY hours Thursday when all major players had gone home (even had hit the beds, probably). They were counting on a shocker in the form of the International trade deficit, but not getting that, they instead emphasized on the decline in the normally-not-so-significant PPI. Rumors were used as an added weaponary. Looks like it was a bunch of some over-enthusiastic yuppies who thought they could control this mammoth machine with coordinated actions and felt no shame in gambling away their employing banks' money.

Last edited by Habib; 10-09-2004 at 16:42.
Habib is offline   Reply With Quote