Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

It's like there are two threads. One of people providing useful(to me)fundamental and technical information and another with all the incessant AG stuff.

The worst thing, again, to me, about the AG stuff is that there's no consistency to the predictive value it supposedly has. It's always after the fact rationalizing, never before the fact prognostication. If someone posts a chart with a good pattern that plays out, I can actually use that to make some money. If someone posts AG repo'd $5 billion, there's no consistent market action that results. And, yes, I've seen the chart that trys to correlate repos and market moves, but I think there are other market-timing systems that work better. If someone posts after the market is up 50 points that it must be because AG is buying, big deal. Tell me before he starts buying. I can't believe that the people who post the AG info don't realize these things by now. If they really think it is so pertinent to the markets to know what Greenspan is allegedly up to, show us the trading results. Otherwise, it's just noise.