PPT my arse

[Clubber Lang]

Quote from Joab:

The more I think about the whole concept of the so called Plunge Protection Team the more I realize just how stupid people are.

Just so I understand this correctly, the Easter Bunny / Fed, has given an open wallet to select brokers and banks to BUY the market at will.

Do I understand this right ?

Now, Exactly how would that work from a logistical point of view ?

The Fed shows up with a truck load of cash each morning to the members firms.

This whole PPT thing is nothing more then an elaborate hoax designed to hide the FACT the Bush administration is in big doo doo and has F'd up big time.

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

 

[The Swordsman]

Is this going to be on the new dollar bill?

Quote from risktaker:

In God We Trust, in the US government we doubt.

 

[MrDODGE]

Just blasted through 11,500 on high volume.

 

[The Kin]

Quote from MrDODGE:

Just blasted through 11,500 on high volume.

The Fed probably spent all their $800 billion cash and treasury balance in exchange for subprime paper thus have run out of money to buy index futures. Have to fear, a fresh batch is being printed right now.

 

[Joab]

Your all missing my point:

If the PPT really existed where are the actual dollar bills printed to prop the markets?

It would take billions to absorb the losses and hold for rebounds.

The Fed has to report every bill it prints and be accountable for it.

There would have to be a money trail.

Once again, this is just a brainwashing game manufactured by politicians herding you for harvest can you say SHEEP !

Your all being tricked into a false sense of security.

 

[The Kin]

One theory is Goldman acts as a proxy for the Fed. Buying and Selling futures on the Fed's behalf and they earn a service fee. But you're right about the paper trail. Again, who knows.

Would it be so hard to accept that the Fed may have some off balance sheet stuff?

 

[madmaxer]

Quote from Joab:

Your all missing my point:

If the PPT really existed where are the actual dollar bills printed to prop the markets?

It would take billions to absorb the losses and hold for rebounds.

The Fed has to report every bill it prints and be accountable for it.

There would have to be a money trail.

Once again, this is just a brainwashing game manufactured by politicians.

Can you say SHEEP

Your all being tricked into a false sense of security.

The fact that PPT exist does not mean that they win all the time. They are there to protect or crash what they have targeted.

You need to be on the floor to see how PPT works. You can have a morning with full of bad news and PPT send the mraket higher or a perfect day full of good news and having market lose %2.

 

[offbyone]

Quote from The Kin:

The Fed probably spent all their $800 billion cash and treasury balance in exchange for subprime paper thus have run out of money to buy index futures. Have to fear, a fresh batch is being printed right now.

From the figures I have seen they have spent approximately half of their 800 billion on their sub prime swapathon.

 

[ByLoSellHi]

Goldman Slacks is the de facto federal reserve; they can act as the PPT or Boy Plunger, depending on whether they're short or long.

 

[Thermactor]

Quote from MrDODGE:

PPT keeping the Dow above 11,500 today.

lol wut