Replies to post #107206 on ajtj99's Market Pulse

[stkboy1]

What particular event caused the credit markets to go into lockdown? None.

Well hardly none. When the BNP Paribas, Frances biggest bank halts withdrawals and the ECB pumps 130 billion plus into the market not to mention the FED pumping $68 billion plus lowering the discount rate, I don't think you can say nothing caused caused the markets to go into lockdown. Has all this sub prime sludge disappeared with the recent liquidity pump? I don't think so.

[n83]

you got that right-g..all drama no bite in selloff as in march just lots of drama and volatility..check the advance..hardly any pullbacks

my theory is very simple..the market creates conditions (like predicting 9 of the last 5 recessions..something like that) to extract concessions

it got that in '98 in '02 (work overtime but no rights on OT..can make folks work OT w/o giving OT..), tax cuts made permanent etc etc..now it gets rate cuts by pretending it to be bigger than what it is while giving a measly 10% after a lot of fanfare and reluctance (reluctance measured as in bounce forays into previous day candles..check the advance..where are the forays into prior day candles and how much and how many?)