Friday, October 10, 2008

Last Silver Bullet. Fed rate cut. Interbank guarantee. Where is the PPT?

Where the hell is PPT (Plunge Protection Team)? On vacation or busy trashing Gold and Euro in order to keep US Dollar alive after over the weekend Cut? Plan could be: to defend 8000 on the Dow and close into the positive tonight, Cut over the weekend and issue the blanket guarantee for interbank market. Market will fly next week. If the plan does not work: in the cards will be closing the markets and announcing banking holiday. Price is too big to fail. Today's valuations for stocks not exposed to financial WMD are totally irrational and based on Fear. If their plan works fortunes will be made. Public as always late to Sell. You will see PPT at work when DOW and S&P will move straight up. They let shorts to short yesterday and short covering will bring fire into the play. Gold is like a fishing rod today again, best buy.

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