Polished up that crystal ball huh? Out at 2636-39 btw.
Overnight massacre
- Thread starter Pekelo
- Start date
Some people on here are clueless on what the "PPT team" really is and what they do. Buying equities during corrections at these levels is not really in the equation. What they think is happening is a myth beyond extremely isolated situations like bailing out GM. All these various conspiracy theories do is help make people bad traders that lack proper investment strategies.
The real movers of markets are large mutual funds, large etfs, and in some cases the companies themselves that are cash rich. If tons of people with retirement accounts get spooked and transfer their equity accounts to alternates like bonds, money market, or other international markets, the fund managers have to sell. If they are index funds, they have to sell even the quality components.
I would say the advent of widespread use of ETFs and index funds contributes greatly to some of the dynamics of markets.
That figure was just a jealous reminder for stopping you making profit with too many points! lol
Mission accomplished!
There is absolutely no such thing as a plunge protection team.
You are engaging in conspiracy theory garbage. If you are spending even one minute concerning yourself with whether or not there is a plunge protection team, then you are wasting your time and energy and are victimizing yourself.
Feels like there is an unknown unknown somewhere out there, which is far worse than the known unknowns of the past.
In fact, I have wasted too much time even discussing this trash.
You need to focus on what a team like this when formed actually does, versus what some people on here think they do. I have yet to see the US government or similar owning a large position in any publicly traded stocks beyond highly publicized situations like GM. Yet some ppl on here truly believe they prop up markets buying equities. Might be because they don't see shares as company ownership and instead see stock markets as some kind of flashy casino with numbers. Real events like corporate takeovers and substantial dividends confuse these people.