Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

"This has been the most orderly decline we have had in this bear. that is all part of how i envision the selloffs in the second half/latter stages of the bear market imo. world markets had for the most part ALL gone below their october lows and many WELL below. They were in out and out crash mode. Was that the PPT holding things up in the US?"
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Steve...

Although your question was not directed toward me, my answer is yes, absolutely - and I posted as much all during the decline. They were using support buying in a narrow group of important stocks (primarily techs) to hold the markets up and that without the support buying the US markets would have been at new lows. It was as obvious as it could possibly have been that the only difference between Europe and the US was that Greenspan was propping the markets up.

mlsoft