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Old 03-26-2003
Pop_Eye
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Default Plunge protection for markets? Well UPI thinks so and identifies them!

:confused:

‘Eight days ago, the Dow Jones Industrial Average, king of the U.S. stock indices, was at a five-month low, while the euro had risen to $1.10, its highest level against the dollar for more than three years. Then, suddenly things changed.

The Dow began on a rally that would take it up 713 points, or 9.4 percent, in five trading days. The dollar suddenly surged 4 percent, bringing the euro's value down to a little below $1.06.

These surges were somewhat surprising.

The first upswing was attributed by some to the possibility that war might be delayed or not happen at all;

the second to a belief that the markets were relieved to see war begin and "closure" of the Iraq crisis approach.

"The two reasons contradict each other," wrote London's Evening Standard newspaper, adding that

"the explanations do not make sense unless the markets are being rigged."

Rigged? U.S. markets? By whom?”

Report with facts, if you are interested, at the link!

“The group is chaired by the Treasury Secretary, now John Snow. The other members are Greenspan, the chairman of the Securities and Exchange Commission and the chairman of the Commodity Futures Trading Commission.”

http://www.upi.com/view.cfm?StoryID=...0-045829-6404r
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