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jps

On Wed, 02 Mar 2011 15:22:29 -0500, wrote:

On Wed, 02 Mar 2011 11:38:55 -0800, jps wrote:

On Tue, 01 Mar 2011 08:41:00 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 22:29:11 -0800, jps wrote:

As was mentioned earlier in this thread, reserves are going up at the
same time price is going up. That's not supply and demand.

Of course it is. The reserves are created by people buying in
advance of actual need in expectation that supplies may be tighter at
a later date and/or prices higher. There is no big tank labeled
reserves. It is the sum total of inventory on hand.

That's a bunch of crap. Those markets are manipulated as are the
stock prices you hold so dear. Let's see how much you like 'em when
they take the next dump.

Let's see if I understand this. When asset prices are moving in a
direction that is favorable to you, it's because you are a shrewd
investor and money manager. When values move in an unfavorable
direction it is because you are being manipulated?

Thanks, think I've got it now.

You must be projecting or you're putting words in my mouth. I know
more about the equity markets than you'll ever know. Most of the
valuations are bogus and financial reports are manipulated to match
the analysts expectations. The books are prepared to support the
message, not reality.

It's a rigged game that favors those with the tools to predict and the
resources to manipulate.

You still think Wall Street is a safe gamble? You'd be better off in
a casino betting on craps. Smart people took their cash out of the
market in the late 1990s and never put it back in.

Maybe you'll be lucky enough to have a boat to live on when the next
dump takes you to naught.

I look at Wall Street like Jai Alai, You are never really sure what is
going on and you don't really understand the rules but if you can bet
with the smart money you can win.

That may be true but smart one day can be idiotic the next.

Lehman is out of busines. The game is rigged and Goldman has won, but
that doesn't mean that your Goldman broker is anymore on the inside or
working in your interests. They sold **** to their best customers in
hopes of keeping their bonus checks coming.