tag:blogger.com,1999:blog-7444476276287180978.post9096665690306808324..comments2023-11-20T05:15:20.137-05:00Comments on Behind the Headlines: Try fundamentalsMichael Kahnhttp://www.blogger.com/profile/10668546349672243203noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7444476276287180978.post-10380024372238068782009-08-23T09:15:57.409-04:002009-08-23T09:15:57.409-04:00I cannot argue with this. However, I cannot blame...I cannot argue with this. However, I cannot blame everything on someone else, either.<br /><br />What we do agree is that when it ends it will not be prettyMichael Kahnhttps://www.blogger.com/profile/10668546349672243203noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-65287988667224342972009-08-23T02:00:04.811-04:002009-08-23T02:00:04.811-04:00As I wrote three days ago, the market is being man...As I wrote three days ago, the market is being manipulated. It has been noticed, for instance, that someone placed a buy order of 10000 futures on the S&P a few minutes before the bell, to force mm200 breakout up; similarly, by forcing important technical figures you have the market going up, but is only short covering. It is also possible that economic official data are being manipulated: every time the market is on the verge of a sell off, there are better than expectations data or optimistic statements by policy makers...<br />Maybe it is not impossible to prop the market for a while: buying leaders in sectors during the first half hour in a sell off attempt, disoriented bears cover shorts and stay away; but clever bulls also don't play in these markets. The real thing is that the Fed is trying to buy time; but in this dangerous game, where manipulated mass media scatter false scenarios and Cnbc hammers "buy on dips" , I think there is only Goldman Sachs who gathers stocks.Antoniohttps://www.blogger.com/profile/02534428338799985067noreply@blogger.com