Black Helicopter Theories Whir Through Markets (silly plunge protect team)

[papau]

http://quote.bloomberg.com/apps/news?pid=10000039&cid=baum&sid=ao9ZrDl_sQPs

Black Helicopter Theories Whir Through Markets: Caroline Baum

June 15 (Bloomberg) -- It must say something about fear and greed that normally sane people take leave of their senses to construct financial market conspiracy theories.

Some of these theories, embarrassing as it would seem, find their way into print. A recent conspiracy theory (CT) making the rounds concerns the surge in money supply growth and -- watch the web being spun -- the implication that ``the Fed must know something.''

According to this line of thinking, the Federal Reserve is flooding the banking system with reserves in the same way that it did following the Sept. 11, 2001, terrorist attacks -- except this time it's anticipating the event.

Two weeks ago, Safehaven.com posted an alarming analysis on its Web site, warning of the ``unprecedented, unheard-of pre- catastrophe M3 expansion'' (unprecedented for a four-week period unless you count similar spurts in July 2003 and November 2002). <snip>


Alas, this is the same pesky logic advocates of the ``Plunge Protection Team'' ignore when they assert that the Fed, Treasury and a cabal of large investment banks step in to buy S&P futures contracts whenever the stock market is going into one of its swan dives. <snip>

[e-mail].

the editor [e-mail].

[gandalf]

1. Finally, someone has the courage to counter these

lunatic theories.

It's very dangerous to smell conspiracies around every corner.

When will people eventually understand that conspiracies don't exist?

[papau]

2. conspiracies don't exist? - Small - not vast - ones do exist and are

even copyrighted and disclosure formed and sold - usually by America's finest financial institutions!

But in this case folks just do not know how the FED is set up and how it operates.

[gandalf]

3. I forgot: </sarcasm>!

I have no knowledge of this special theory; but generally, when someone cries "conspiracy alert" the theory is worth a second look.

[bemildred]

4. Tsk, how ridiculous, that would mean the markets can be manipulated.

We all know how irrational that is. Markets have magic powers
to discern truth and are reflections of the mind of the deity.

But seriously, its interesting that a need was seen to counter
all this Conspiracy Theory(CT) talk.

[CaptainClark23]

5. Oh, what a relief!

I'm glad someone finally set me straight on this. We all know what happens when we try to analyse such complex matters on our own.

I'm going to rush right out and put everything I've got into the casino. Selling off gold and silver, foreign currencies, jewelry, family mementos, my program from Game 7 of the '86 series...I'm putting it all into the markets cause I'm now assured that they have my personal best interests in mind.

And after that I'm taking a nap because I can sleep securely, knowing my financial future is lined with pretty bits of paper, forever and ever amen.

[papau]

6. </sarcasm>! is just not used enough on DU - I got caught again I guess!

</sarcasm>! is needed at DU

:-)

:toast:

:-)

[specimenfred1984]

7. Tuesday, 5-25 Was an Odd Day in the S&P

I watch 2 minute charts as a trader and 5-25 was suspect. The price would go up then just sit still for a while, no sellers then, surge up again on high buy volume.

Small traders weren't taking profits but big trades were occuring on the buy side.

Call it conspiracy, call it PPT, call it irrational exuberance: it was rigged whatever it's called. I've been trading since 1991 and that day was one of the oddest days I've ever seen. This current market is being propped up.

Sure, it's being manipulated by false govt reports and corporate lies all the time but, it's worse now than it's ever been, all part of the fake prez's Twilight Zone of lies and doublespeak.

I worry about the current and future integrity of U.S. markets. The big money can step in a protect the markets during a disaster like 9-11 but, stepping in and rigging the markets just for political reasons is BS, it gives traders and investors the idea that the markets aren't free markets at all.

Yes, there are limits already on daily price moves that forgo the idea of truly free markets and corruption is still huge but, f-ing with the markets for non-market reasons hurts credibility and if credibility were truly destroyed, we'd be in a heap of trouble, as in no country would help us or want to get near the U.S. markets.

[bemildred]

8. Currency markets have been "Odd" this year too.