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alstry (36.32)

Thank you Plunge Protection Team

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December 05, 2008 – Comments (14)

The market rallies on the following:

Employers cut 533K jobs in Nov., most in 34 years- AP Late mortgage payments and foreclosures hit record- Reuters Bush, Hill leaders: Job losses argue for auto help- AP Jesse Jackson plans rallies to support automakers- AP Return to $1 gas? Energy prices evaporate- AP GM to lay off 2,000 more workers at 3 factories- AP Consumers unexpectedly trimmed borrowing in Oct.- AP Great Depression Unemployment Didn't Hit 25 Percent Overnight-

 

Remember, I want to have a rating of 100 by the end of the year.

14 Comments – Post Your Own

#1) On December 05, 2008 at 4:18 PM, semper77 (33.37) wrote:

lol - DJIA down 6000 points year over year and you still believe in the existance of a plunge protection team?

Had they been kidnapped and cryogenically frozen until today? ;)

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#2) On December 05, 2008 at 4:23 PM, alstry (36.32) wrote:

You think the Dow should be down only 6000 with this news??? 

 

Wow......you probably think you might get a date with Mr. or Miss January....depending on your preference.

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#3) On December 05, 2008 at 4:43 PM, DemonDoug (32.31) wrote:

i don't always agree with you al, but i do here.  If there was exactly zero government intervention, we'd be looking at Dow 1,000 and S& P 500 at 150 easily.

Unfortunately I know governments too well that they do their best to prop up asset prices to the detriment of anything and everything else out there.

Go go Gadget PPT. :/

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#4) On December 05, 2008 at 4:45 PM, AntiRonChapmanJr (99.79) wrote:

good luck on the rating wish.

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#5) On December 05, 2008 at 4:54 PM, camistocks (< 20) wrote:

The PPT? Or... the market ignoring bad news and looking ahead...?

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#6) On December 05, 2008 at 5:03 PM, alstry (36.32) wrote:

Mr. Anti Chapman,

My greatest winnings have always come off a photo finish.

Few love playing the ponies like Alstry.  I  just hope mine doesn't turn out to be glue in this race.

Here is to a daily double.....cheers and have a great weekend.

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#7) On December 05, 2008 at 5:06 PM, goldminingXpert (29.55) wrote:

Semper: "lol - DJIA down 6000 points year over year and you still believe in the existance of a plunge protection team?

Had they been kidnapped and cryogenically frozen until today? ;)"

I was going to say the same thing when I saw this headline, except you said it more eloquently than I would have. You're freakishly like me--or me like you. I find this all quite disturbing. :) 

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#8) On December 05, 2008 at 5:18 PM, tdoodler (25.67) wrote:

This is all short covering.  It must be -  otherwise its illogical.  Look at shld.  Its up 50% from the low on Monday.  Who in their right mind would buy Shld?  The shorts - thats who.

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#9) On December 05, 2008 at 5:18 PM, tdoodler (25.67) wrote:

This is all short covering.  It must be -  otherwise its illogical.  Look at shld.  Its up 50% from the low on Monday.  Who in their right mind would buy Shld?  The shorts - thats who.

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#10) On December 05, 2008 at 5:18 PM, alstry (36.32) wrote:

Goldybaby,

If you don't believe the members of the PPT can determine the outcome this holiday season.....clearly you don't have the spirit.  Rudolph, Frosty, and  Santa are very very powerful.  They control any and all outcomes for at least the next few weeks.

They know when you have been good and they know when you have been bad.........I would suggest you be good for goodness sakes........otherwise the Grinch may get you.

100 here I come by Jan 1st.......than I will play with Happy The New Year.

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#11) On December 05, 2008 at 5:33 PM, murugan2 (37.08) wrote:

Lets call it what it is, the greatest pump and dump scheme ever.  The Dow is like a spam-touted penny stock times a zillion.  Pity the poor fools who buy into this nonsense.  Someone other than you is going to cash out on top while you get burned all the way down the mountain.  Am I crazy or is the fix in big time?  I think we need Dow 6500 to have any shot of a return to reality.

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#12) On December 05, 2008 at 5:56 PM, alstry (36.32) wrote:

Mutual funds chasing returns, short covering, PPT, Donner or Blitzen trying to squeeze out a few more shopper dollars before Christmas......all the same when the news is this bad........

I truly don't think people have a clue what is coming.  At this point, I am not sure there will be much of an equity market by next summer.

Many are on the path to bankruptcy....How is the following for ABCs.......Autos...Airlines....Builders......Cities........we could go on and on.............

 

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#13) On December 05, 2008 at 6:02 PM, jesusfreakinco (29.02) wrote:

Read this article and I'll agree with Alstry - anyone solely invested in double-shorts will do well in the coming weeks:

http://news.goldseek.com/GoldSeek/1228499200.php


JFinCO

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#14) On December 05, 2008 at 6:07 PM, alstry (36.32) wrote:

You can add banks to the B's......

First Georgia Community Bank closed, 23rd failure of year

and Construction Companies to the C's........

anyone have an idea who is going to be paying taxes next year?

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