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PPT Exists ! ! !
- Thread starter Gcapman
- Start date
holy shit who let that slip out of the FED?
Someone messed up.
Someone messed up.
Beware of those on the wrong side of the market blaming manipulation, cabals, PPT, and the hand of God. These folks are essentially rationalizing their bad calls . . .
-Barry Ritholtz
Is there a Nut in Nutting, or is there Nothing there?Aside from the legal issues, the PPT would have operational constraints. It's hard to believe that the Fed could keep such a conspiracy a secret for 20 years or more. An operation big enough to manipulate markets for months on end would be big enough to develop leaks.
With so much money at stake, anyone with direct knowledge of the conspiracy (such as a $30,000-a-year administrative aide) would be highly tempted to blow the whistle.
Yet Biderman's accusation of PPT market manipulation is another argument in favor of a complete public audit of the Fed's books. As any casual reader of this site's community boards knows, there is a widespread belief that the PPT does manipulate stock prices on a daily basis to enrich its pals and screw individual investors.
It would be useful to prove them wrong. And if they are right, the PPT should be put out of business.
--Rex Nutting, Washington bureau chief
One would wonder why S&P dropped to 666 and not 999 and why Lehman was killed off if there was a PPT in the first place.
personally, i don't care whether it exists or not. to me, the "ppt" is simiar to the infamous "them" for too many traders. by that i mean many traders who lose money blame "them" (whoever "they" are). and the ppt is an all too convenient excuse for traders to latch onto when they are short and lose money.
another way to look at it is this......when i have a winning ES trade i can consider myself lucky to be on the correct side of "whoever" it is that is moving the market...i don't care who it is.
if you are a daytrader (especially index traders), you should, imo, not be concerned with "who" is moving the market, or even why they are doing it. the job of a daytrader is to make money, and not to prove something.
i have seen other traders get locked into a "this rally is a pump job" mindset and then get stubborn with shorts. don't get me wrong here, i go short all the time, but i don't blame anyone else when i lose money, its just my own mistake and lack of luck to be on the wrong side of "them"....whoever "they" are
having said that, i do believe the ppt exists, however i recc. that an index daytrader never use it as an excuse.
Duh, even he knew!
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