Well I've just checked it out on Expedia and their distance in Km is shown below !Gap Man said:
Autoroute tells me 1644 km - mind you it is the 2002 version, not sure that there are any tectonic plates between them that would allow for that kind of shifting in 4 years mind....
Total Route2252 km 26 hrs 48 mins
http://recommend.org/Expedia_Maps.htm
mark twain uk
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I reckon there will be a sideways movement with a bias towards the upside until late tomorrow, the PPT brigade will not let it go down just before the end of October, so I am flat at the moment, made a little bit at the open, I went short and then closed on the spike down at 3:00 after correctly assuming that the PPT brigade will bring it up, I learnt to suspend my disbelief, it works like clockwork and we are now seeing part two of the rally, I am prepared with the finger on the trigger to once more sell a fizzled rally, one day it will work out
mark twain uk
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MSFT at the top of its two week range, a false break down on thursday was followed by a false break out on friday, the swings are getting wilder and wilder, something is brewing.
Edited: I am short again from 12,100 and 1,380, both cash. I think upside is limited now and will add if a higher top is made tomorrow.
Edited: I am short again from 12,100 and 1,380, both cash. I think upside is limited now and will add if a higher top is made tomorrow.
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When it finally breaks down it will be quick and decisive. The PPT could remain active until the mid terms next week - we can only wait and see.mark twain uk said:
I'm still short from 1745 on the NDX from Friday. Shorted the Dax this morning on a day trade and closed out at 6262 for 15pts profit . Also shorted the Dec Dow at 12045 - it just triggerred and then went north again and I closed it out at 12070 for a 25pt loss when I saw that the oil price had suddenly dropped.
Got to be real careful out there at the moment !
mark twain uk
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the 8:00 buying programmes are itching to get started
edited: it's not as easy as it used to be
edited: it's not as easy as it used to be
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Well - looks like some interesting potential corroboration on recent antics by the PPT. It is also worthy of note that the GS stock price has risen by more than 33% since mid July, from $141to $189.kriesau said:
But then it's not possible to manipulate these markets is it !
TREASURY'S PAULSON PLAYS WITH THE PLUNGE PROTECTORS
John Crudele - NY Post:
Someonene - and I don't know who - wants us all to know that since July, Henry Paulson, the new secretary of the U.S. Treasury, has spent a lot of time on a little known Washington operation called the President's Working Group on Financial Markets.
That was the major message in a prominent piece this past Monday in The Wall Street Journal. The big mystery is why do these people want us to know this? And why now? I wrote about the Working Group on Financial Markets back in June when Paulson left Wall Street powerhouse Goldman Sachs to accept the top job at Treasury.
As I documented in a series of half a dozen columns, the mysterious Working Group had been formed in 1988 by an executive order signed by President Reagan and was manned by the heads of various stock exchanges and top government officials in charge of those markets. The group was supposed to - ya' know - solve financial problems, although the scope of its authority and its powers were never clearly defined. The group soon became known as the Plunge Protection Team, and for those who were following its stealthy pursuits, the Working Group seemed to be using a blueprint set down by a former Federal Reserve official named Robert Heller.
Soon after Heller had left his government job in 1989 he gave a widely disbursed speech proposing that the Fed be given authority to rig the stock market in case of emergencies. The Plunge Protection Team - a. k. a. Working Group - probably remained mostly dormant during the good years. But there were sneaking suspicions that it came out of its shell a couple of times, especially after 9/11. So it's interesting that now - seemingly out of the blue and far removed from any obvious crisis - Paulson is activating the Plunge Protection Team and someone wants us to know about it.
The Journal's Monday piece started: "With just two years to make his mark, new Treasury Secretary Henry Paulson is focusing much of his attention on making American financial markets more competitive. "Since taking the reins in July, the Wall Street veteran has reinvigorated the President's Working Group on Financial markets, which had languished." The article went on to say that before Paulson's arrival, the group met every few months, and sometimes only once a quarter. Now Paulson is insisting that it meet every six weeks. Among other things, Paulson and the Plunge Protection gang discuss the problems that might occur with hedge funds and derivatives, plus the "government's ability to respond to a financial crisis," according to a source quoted by the paper.
Since the Federal Reserve is the group that would lower interest rates in an emergency, the Plunge Protectors would probably be the ones who'd fix the problem. In other words, they'd throw money at it. Stocks have been moving steadily upward since July, when Paulson took over the Plunge Protection Team (and the Treasury). And one of the reasons could be that - as I mentioned back then - there is less risk in stocks if the government is providing a safety net. Less risk, that is, until something bad happens.
Charlie finally suggests that the Dow could now be heading south
"Last week, Mr. Happy Face was whacked on the ear, and poked in the eye. Today, he took hits to the nose, the mouth, and the chin. Today closes the call on Mr. Happy Face. Now the question is, do we go up, down, or sideways from here?
The Lockstep chart continues to roll over, at expected positive peak time CP. It would not surprise me if we had a big up day Tuesday, one last opportunity for the smart money to sell. But, the odds are less that half for that. On the chart, today looked like Humpty Dumpty did indeed slip off of the edge of the wall and begin his great fall."
"Last week, Mr. Happy Face was whacked on the ear, and poked in the eye. Today, he took hits to the nose, the mouth, and the chin. Today closes the call on Mr. Happy Face. Now the question is, do we go up, down, or sideways from here?
The Lockstep chart continues to roll over, at expected positive peak time CP. It would not surprise me if we had a big up day Tuesday, one last opportunity for the smart money to sell. But, the odds are less that half for that. On the chart, today looked like Humpty Dumpty did indeed slip off of the edge of the wall and begin his great fall."