long-rumored "Plunge Protection Team," True or not True

[mahram]

Any truth that indeed the US government does intervene in markets during crisises. Before anybody jumps in into conspircacy nuts and arguments, might I say major governments, like Britain, china, and even japan intervene in their stock and currency markets. So why not?
http://www.marketwatch.com/news/sto...A92-4662-B157-13B33B17A4A7}&garden=&minisite=

 

[originalskunk]

The PPT is very real.

This is the executive order that created the beast:

http://www.reagan.utexas.edu/archives/speeches/1988/031888d.htm

They even issue press releases from time to time:

http://www.treas.gov/press/releases/2003111415314423478.htm

 

[cable]

Here's a good essay on the PPT you may like, entitled Move Over, Adam Smith: The Visible Hand of Uncle Sam, from your friends and mine at Sprott Asset Management.

 

[mahram]

its sound very fake, but then when you think about it, almost every major country does it. So how do they get away with it, how do they fund it.

Quote from originalskunk:

The PPT is very real.

This is the executive order that created the beast:

http://www.reagan.utexas.edu/archives/speeches/1988/031888d.htm

They even issue press releases from time to time:

http://www.treas.gov/press/releases/2003111415314423478.htm

 

[mhashe]

save your ammo, watch and wait. More a market is manipulated more drastic the correction. Look at the Nikkei. Similarly going to be like winning the lottery for those who have good short entry and keep on pyramiding short position as we go back to 10 year lows.

 

[yeayo]

Quote from cable:

Here's a good essay on the PPT you may like, entitled Move Over, Adam Smith: The Visible Hand of Uncle Sam, from your friends and mine at Sprott Asset Management.

thanks for posting that link - very interesting article

 

[cable]

Quote from yeayo:
thanks for posting that link - very interesting article

No problem, glad you liked it. I thought it was interesting as well.

 

[Maverick74]

Quote from mahram:

Any truth that indeed the US government does intervene in markets during crisises. Before anybody jumps in into conspircacy nuts and arguments, might I say major governments, like Britain, china, and even japan intervene in their stock and currency markets. So why not?
http://www.marketwatch.com/news/sto...A92-4662-B157-13B33B17A4A7}&garden=&minisite=

Who the f*ck cares. Just trade the damn market already! I still for the life of me can't understand why traders care which direction the market moves. Just trade it!

Stocks have been manipulated by large funds for years and nobody ever complains about that. Jee whiz.

 

[ratboy88]

Quote from Maverick74:

Who the f*ck cares. Just trade the damn market already! I still for the life of me can't understand why traders care which direction the market moves. Just trade it!

Stocks have been manipulated by large funds for years and nobody ever complains about that. Jee whiz.

you're off your medication again?

 

[Boy Plunger]

LOL (Take your meds

Markets have to be manipulated. The cause is flaws in capitalism.