Does the Plunge Protection Team exist?

[The Kin]

AKA The President's Working Group on Financial Markets. Also do they intervene in the free markets?

 

[IanMacQuaide]

No such thing as Free Markets. But yea, PPT is real.
Didn't the Fed protect us all from BSC going "BOOM" ?
Not that I agree with it.

 

[moondog]

I am sure it is real

 

[ammo]

do you have a spare tire and a jack in your trunk for the unexpected blown tire?

 

[The Kin]

Who voted no? Please explain yourself!

 

[FightTheFuture]

I do not know which way to vote, but I have noticed a multitude of times that the bad calls made here on ET are blamed on PPT or some other dark forces of interference.

 

[timbo]

It's federally mandated. Why the poll?

 

[nevadan]

Read this and form your own conclusion as to whether it exists or not.

http://www.sprott.com/pdf/TheVisibleHand.pdf

 

[The Kin]

Quote from FightTheFuture:

I do not know which way to vote, but I have noticed a multitude of times that the bad calls made here on ET are blamed on PPT or some other dark forces of interference.

I agree any trader that uses PPT as a scapegoat for their loses is a joke. However there had been a dozen posters or so in the past that would reply and scream there was no PPT.

 

[ammo]

Quote from nevadan:

Read this and form your own conclusion as to whether it exists or not.

http://www.sprott.com/pdf/TheVisibleHand.pdf

very enlightening,thanks for the post, almost makes you want to buy the bad news