tag:blogger.com,1999:blog-1258979445050968882.post915783961479932525..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: GE Breakdown Foreshadows More Pain For MarketsBen Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1258979445050968882.post-5498589282320730212009-02-05T13:00:00.000-05:002009-02-05T13:00:00.000-05:00Oops.Beartards are getting reamed.Oops.<BR/><BR/>Beartards are getting reamed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-29359528468153385442009-02-04T01:31:00.000-05:002009-02-04T01:31:00.000-05:00Just as the line in the sand for gold is now $900 ...Just as the line in the sand for gold is now $900 enforced by a bunch of broke bullion banks such as JPM with the Fed's backing, you have 8000 on the Dow and 800 on the S&P enforced by the PPT (President's Working Group etc). Price action makes market commentary. As Chris Powell says, "There are no free markets. Only interventions". The PPT is a fairly powerful Bulltard. Both of those intervention will crack eventually IMHO but when !<BR/>JoshAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-40927961999183874072009-02-04T01:29:00.000-05:002009-02-04T01:29:00.000-05:00This is reminiscent of aig. The capital arm of ge...This is reminiscent of aig. The capital arm of ge must be pretty toxic.Anonymousnoreply@blogger.com