Quote from MKTrader:
1) No proof that there is a PPT (as it's understood here and elsewhere).
Quote from Anaconda:
It's just the term, but there is a Working Group on the Financial Markets. It's been admitted by Bush and the Fed.
It's an Executive Order signed into law after the 87 Crash.
It's hard to believe that there are traders who actually refuse to believe this. Do you also refuse to believe that Santa Claus and Toothfairy are imaginary?
Quote from MKTrader:
Reading comprehension 101. I wrote:
"PPT (as it's understood here and elsewhere)."
No debate over Working Group on the Financial Markets' existence. However, there's no evidence that they step in buy every big correction or panic day like many here suggest. They may own some shares of bailout recipients, but that's completely different than boosting the broad stock market during downturns.
Quote from Anaconda:
This is an Executive Order that goes back almost 20 years. You are a retard if you think they have not been getting involved in the equity & futures markets. They also step into the currency markets on a regular basis.
Plunge Protection Team is a known term among traders, it directly refers to the Working Group on the Financial Markets, as well as the Executive Order that put it into place. I could link you the Wikipedia page, or even just the results of a basic Google/Yahoo search, but what's the point. If you can't figure it out by now, you're hopeless.