Did the PPT intervene in the markets today?
- Thread starter The Kin
- Start date
Ben was speaking in the morning (unscheduled?) to let the world know that our IBs can have unlimited access to trillions upon trillions of long-term "loans" to promote the orderly functioning of financial markets.
Ben & Paulson are like Batman and Robin. When overnight futures start droping like a rock, it's their bat signal to summon the Plunge Protection Team.
Ben & Paulson are like Batman and Robin. When overnight futures start droping like a rock, it's their bat signal to summon the Plunge Protection Team.
that is the job of that market makers did to buy when nobody wants to buy and sell when nobody wants to sell to stablize price.. traders/market makers have limited capital and will not support price for shareholders.
The FED would be the biggest 'non-profit market maker' in the street.
The FED would be the biggest 'non-profit market maker' in the street.
Quote from The Kin:
Ben was speaking in the morning (unscheduled?) to let the world know that our IBs can have unlimited access to trillions upon trillions of long-term "loans" to promote the orderly functioning of financial markets.
Ben & Paulson are like Batman and Robin. When overnight futures start droping like a rock, it's their bat signal to summon the Plunge Protection Team.
No Bloomberg flashed that someone said Fannie & Freddie were well capitalized and the market took off.
Same thing happened when SEC Cox said Bear was well capitalized.
Two things I learned on ET:
Case 1. Market is extended to the downside from all medium term moving averages and snaps back a tiny little bit -> "IT WAS THE PPT, THE MARKET IS RIGGED"
Case 2. Market is extended to the upside and sells off -> "THE SKY IS FALLING, THIS IS A NEW GREAT DEPRESSION"
Only these two extremes exist.
Case 1. Market is extended to the downside from all medium term moving averages and snaps back a tiny little bit -> "IT WAS THE PPT, THE MARKET IS RIGGED"
Case 2. Market is extended to the upside and sells off -> "THE SKY IS FALLING, THIS IS A NEW GREAT DEPRESSION"
Only these two extremes exist.
no...
Jamie Dimon was coerced to do 2 stupid public appearances:
1. one on Charlie Rose and
2. the complete fuck up of a speech pimped by the FDIC today.
it was the most ridiculous thing ever. He looked like the manager at the local 7-11 trying to explain the beer inventory short.
what a disgrace.
Jamie Dimon was coerced to do 2 stupid public appearances:
1. one on Charlie Rose and
2. the complete fuck up of a speech pimped by the FDIC today.
it was the most ridiculous thing ever. He looked like the manager at the local 7-11 trying to explain the beer inventory short.
what a disgrace.