Every day the “same” structure
Every day … the PPT tries to hold the market … whenever they see a chance, they bid aggressively … sell into the short squeeze … but still they are not too successful …
Today … a good example …
In the morning … bidding the market up on 2 reasons …
- a good feeling
that retail sales will come in better than expected
- the rollover of the leading equity futures contracts
So the game was BID ON HOPE in the morning … bash some shorts …
then the news flow … OVERWHELMINGLY NEGATIVE … as always …
Today …
- Lehman makes some management changes without cutting the man responsible … the CEO
- Yahoo and Microsoft take some air out of M&A hopes as they end talks
Result … markets loses all hot air from the morning …
hits NEW LOWS …
and then … as seen many times before … the last 30 mins.
10 points squeeze … to bash some shorts …
Do I hate it??? … YES
Can I change it??? … NO
Why does it function?
As to much money is around … stupidity rules and the greed is big enough for most investors to “better” stay in the market …
Horrible … But payday looms
Tags: Lehman, manipulation, PPT, Yahoo
