official ppt thread.

TGM


Registered: Aug 2004
Posts: 868


08-11-05 09:33 AM



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Quote from Alexandre:

nothing will prevent these markets from crashing
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Yes in the end you are right. But with Fiat money and an imagination. You can get away with a whole lot. The greatest trick the devil ever pulled was convincing the world he did NOT exist. You believe this is a total free market? Yes, the Naz did go down 80 percent. But do you really believe they were going to let the Dow go down 80%?

I did not used to believe the Govt. would fool with the stock market. Then I was near the Spoo floor for a couple of big events. The Plunge Prevention Team----it even sounds like a corny Govt. name. They would never say Crash prevention ---that would get to much attention.

I have watched this for years. I have seen to many things in the Spoo that remain unexplainable (or explainable only if you believe it is being manipulated at select times). I remember the Asian meltdown and Sept 11. What happened after those events had manipulation written all over it. It sealed the deal for me.

I would have never believed the Govt. would buy stocks. But I have seen to much. Remember after the Asian collapse? Rubin called Hong Kong and Hong Kong immediately said they were buying their own stock and it worked. That sealed it for me.

I don't think the Fed actually does the buying. But I know damn well the PPT puts the word out and the 00 accounts at certain brokerages start buying. It is simple to do with all these derivatives. Like I said. Rubin and Hong Kong sealed the deal. Hong Kong just made it public ---our fools don't. But it is becoming too obvious.

I still remember the lady from GSachs on the floor in the Spoo pit bidding up the Spoo and just gunning the thing with 50 lots. When I have seen it done after a couple events in person ----it is unnatural ----it is like they don't give damn how many they get or how high they buy. It is blatant and intentional. The 3 times I saw it in person. It was just too abnormal and too massive. I have seen pros move and have moved large positions myself. Having to get out of a large position is one thing. This was a whole different ballgame. Believe it or not. But with Rubin and Hong Kong and the Asian meltdown and the below fed quote that was made after the 87 crash. I belive it.
 
Quote from jackbyrd:

Why don't you ask the locals on the floor of any exchange. I suppose that would be hard to do out in the Dakota region.
More...

wonder why those guys dont collect this easy 100 grand?

http://www.safehaven.com/article-721.htm

The Plunge Protection Team
by John Mauldin


I have had so many letters of late asking me what I think of and/or know about the existent of the so-called Plunge Protection Team, that mysterious group of government officials who secretly prop up the stock market when it drops too much, that I am going to jump in where wiser minds would just leave the subject alone. It will offer a good opportunity for you to understand concepts of arbitrage and how the markets really work. Plus, if you can prove me wrong, I will show you how to get a quick $100,000.
Following the stock market crash in 1987, the government created something called the President's Working Group on Financial Markets. The group, which includes the Treasury secretary, Federal Reserve chairman, chairman of the Securities and Exchange Commission and chairman of the Commodity Futures Trading Commission, was formed to ensure the smooth operation of financial markets.(more)
 
Quote from vhehn:

wonder why those guys dont collect this easy 100 grand?

http://www.safehaven.com/article-721.htm

The Plunge Protection Team
by John Mauldin


I have had so many letters of late asking me what I think of and/or know about the existent of the so-called Plunge Protection Team, that mysterious group of government officials who secretly prop up the stock market when it drops too much, that I am going to jump in where wiser minds would just leave the subject alone. It will offer a good opportunity for you to understand concepts of arbitrage and how the markets really work. Plus, if you can prove me wrong, I will show you how to get a quick $100,000.
Following the stock market crash in 1987, the government created something called the President's Working Group on Financial Markets. The group, which includes the Treasury secretary, Federal Reserve chairman, chairman of the Securities and Exchange Commission and chairman of the Commodity Futures Trading Commission, was formed to ensure the smooth operation of financial markets.(more)
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What constitutes proof, according to you sir, and to Mr. Maudlin? Do we have a definable standard?
 
Quote from jackbyrd:

What constitutes proof, according to you sir, and to Mr. Maudlin? Do we have a definable standard?
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you will have to ask Mr. Maudlin. if you have proof i would ask him for the money. i would also like to see any proof. my mind could be changed if i saw any proof at all.
 
The PPT may interfere in the markets in an attempt to prevent the repeat of the Black Monday pattern. If so, my bet is that they are going to do it tomorrow or, less likely, on Monday.
 
Quote from jackbyrd:

Sir, I might direct you to this post for starters. I am sure if one were to spend the time to do objective research and due diligence into the question at hand, one could find a littany of evidence.


"I believe that is what they do as well. They just put in Fear in the air. You might remember in the book Market Wizards. Paul Tudor Jones sounded scared to death of the phone call questioning him from a "high ranking Govt official". He sounded paranoid. Tudor Jones is NOT STUPID and there is a reason he has not said a whole lot since then. He made a ton of money in the Crash and you better believe they scared the hell out of him."
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As someone that was fully employed by PTJ for Tudor Investment Company back in 1986 as his floor broker on the COMEX, ( our office was a little hole in the wall on the 9th floor of 160 Broadway, across from the old Merrill Lynch building ) I can tell you quite unequivocably that the above story is completely FALSE.

No phone call from a high ranking official.
No paranoia. Just a story to sell a book.

And as far as the '87 Crash was concerned, Paul made the majority of his money taking advantage of the flight to quality in the T-Bond market.

Period.
 
Quote from Apex Capital:

As someone that was fully employed by PTJ for Tudor Investment Company back in 1986 as his floor broker on the COMEX, ( our office was a little hole in the wall on the 9th floor of 160 Broadway, across from the old Merrill Lynch building ) I can tell you quite unequivocably that the above story is completely FALSE.

No phone call from a high ranking official.
No paranoia. Just a story to sell a book.

And as far as the '87 Crash was concerned, Paul made the majority of his money taking advantage of the flight to quality in the T-Bond market.

Period.
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Tell it to TGM then. Dont shoot the messenger of the messenger.
 
Quote from jackbyrd:

Tell it to TGM then. Dont shoot the messenger of the messenger.
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No one's shooting the messenger of the messenger.
I simply added some factual insight, rather than glorified speculation that was meant to sell a book.
 
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