PPT Exists ! ! !
- Thread starter Gcapman
- Start date
Believe it or not, some of us actually trade here and won't take the time to read a full article during RTH even if it's pretty slow...
So, I've read it and yes there is a couple of interesting points that cannot be discarded, for instance the accountability for these operations, money flows, the money supply issue etc... yet I'm still having problems with the usual arguments like you can't hide the numbers or someone would notice etc... cmon, my little 6yrs old nephew is less naive than that. There is nothing to me that takes out the possibility that institutions could operate for the PPT. If anyone has a serious point showing that cannot happen, I'd be happy to hear it, really.
The other points made in the article are weak and have already been debunked here or in other threads: too big to be kept secret... there was a plunge so it doesn't exist... it would require a lot of money...
Guys, think:
It doesn't take volume and money flow to change the value of something. If the underlying fundamentals change, the value and price can change all without any trade taking place.
ie, I own a rental property purchased at $100k. Rents are $1000/mo. Suddenly rents double because a local manufacturer moves in. Now my house is worth $200k, and no trade actually occurred.
This is what happened to the stock market. If PPT exists, its absence in 2008 makes its possible existence somewhat irrelevant.
Biderman is really destroying his credibility as an 'analyst' with this presumption. It is broken logic he is employing (that you need $$$ on bid to change the value of something).
It doesn't take volume and money flow to change the value of something. If the underlying fundamentals change, the value and price can change all without any trade taking place.
ie, I own a rental property purchased at $100k. Rents are $1000/mo. Suddenly rents double because a local manufacturer moves in. Now my house is worth $200k, and no trade actually occurred.
This is what happened to the stock market. If PPT exists, its absence in 2008 makes its possible existence somewhat irrelevant.
Biderman is really destroying his credibility as an 'analyst' with this presumption. It is broken logic he is employing (that you need $$$ on bid to change the value of something).
I agree... He's made himself a laughingstock by making his ridiculous assertion.
So let me get this straight. The skeptics who argue against any and all official sector support of equity markets actually lived thru this past year, whereby any and all efforts to support a reflation of the entire system were employed???
So these guys interfere in every other part of the economy, but the equity markers are a sacred cow that they refuse to touch?
For the guy who asked where were the "PPT" when the markets were at 666 last March, it's a worthwhile question, but ask yourself another question. We went thru this back in 2001-02 and the same bunch of questions were posited as to why a clandestine group could not organize market support at key inflection points. I'd argue that the reason why the markets are allowed to fall is because the cure is worse than the disease itself. Namely, it consolidates control. More bureaucracy emerges out of each of these mini crash episodes with further restrictions and a flooding of Fed induced liquidity that simply reflates the bubble greater than the previous bubble.
Who is to say there isn't a wink and a nod as to the timing of such events, it's not too far fetched to entertain the thought of massive collusion is it not?
And last but not least, Vhehn, go f' yourself big guy.
So these guys interfere in every other part of the economy, but the equity markers are a sacred cow that they refuse to touch?
For the guy who asked where were the "PPT" when the markets were at 666 last March, it's a worthwhile question, but ask yourself another question. We went thru this back in 2001-02 and the same bunch of questions were posited as to why a clandestine group could not organize market support at key inflection points. I'd argue that the reason why the markets are allowed to fall is because the cure is worse than the disease itself. Namely, it consolidates control. More bureaucracy emerges out of each of these mini crash episodes with further restrictions and a flooding of Fed induced liquidity that simply reflates the bubble greater than the previous bubble.
Who is to say there isn't a wink and a nod as to the timing of such events, it's not too far fetched to entertain the thought of massive collusion is it not?
And last but not least, Vhehn, go f' yourself big guy.
it is to thinking people but hey, to you, who knows.
Naturally, I cannot prove this but I strongly believe the market bottomed at 666 because Goldman wanted to respond to, and have the last say about www.goldmansachs666.com.
Imagine the brass at GS looking down at that print for the next decade having a good laugh over a chilled bottle of wine and a fat cigar.
Imagine the brass at GS looking down at that print for the next decade having a good laugh over a chilled bottle of wine and a fat cigar.