PPT my arse

Quote from Ivanovich:

That's ok, I just edited it so when people click, it puts his own username on ignore. And since it's past 30 minutes, he can't change it back.

Stupid is as stupid does.
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You rock !!!!! 'There's a new sherrif in town, and Ivanovich is his name'. :cool:
 
Quote from increasenow:

today was perfect proof there is no PPT!!!...where were they when the DOW was down 350?...hmmmmm...got an answer?...there aint NO PPT!!!
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http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

"The Working Group is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures"

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Today's selloff was very orderly.

No panic selling = no reason for intervention.

Wait until the VIX gets back above 30.
 
Hehe. Reading this thread makes me realize again why I make money in the markets. "Today was perfect proof PPT doesn't exist" or "Yesterday was perfect proof PPT exists" or "Today was perfect proof this company can't go bankrupt" or "Today was perfect proof this stock is going to 100" :) So many ppl know things 'for sure' and still in any given situation, at least half of them are wrong :)
 
Quote from nevadan:

I have posted this link before in other threads on this subject. Anyone that can read this and not recognize that there is a PPT is in denial. When and whether they are acting is subject to debate but there can be little doubt that they exist.
http://www.sprott.com/pdf/TheVisibleHand.pdf
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Excellent link / article for more info. on the PPT. Very informative. Particularly interesting was the statement

the most dangerous near-term threat to U.S. world
leadership and thus to U.S. security, as well, would be a sharp decline in
the U.S. securities markets. Such a decline would likely stun the U.S.
economy at a time when the strength of our economy is critical to global prosperity, to the financial health and political stability of most nations,
and ultimately to international security itself.

This would explain the denial of intervention by the government as it would pertain to so called "national security" and create a moral hazard for investors. The article however does give enough evidence to show the contrary. Good stuff nevadan:)
 
Quote from nevadan:

I have posted this link before in other threads on this subject. Anyone that can read this and not recognize that there is a PPT is in denial. When and whether they are acting is subject to debate but there can be little doubt that they exist.
http://www.sprott.com/pdf/TheVisibleHand.pdf
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Great link. I just got done reading that; it was so good that I decided to add it to my investment article folder, which I rarely do.

Thanks.
 
Glad the two of you liked it. Anyone who believes the markets are "free" should read it.
The Guardian newspaper was very specific as to some of the private-sector coordination
that occurred, demonstrating that at a minimum the major investment banks and
brokerage houses met together:
The scale of the damage inflicted on Wall Street appears to have prompted
some unprecedented actions in the hours after the terrorists struck the twin
towers.
At least six men, arguably among the most powerful non-governmental
bankers in the world, put in place a pact to ensure that the global financial
system was not ruptured.
They put a halt to any speculation or risky trades. They agreed to help
each other (and their rivals) if anything failed to settle – or simply if the
market just moved too fast. Unpaid bills would not be chased. They also
agreed, of course, to help each other cope with the human cost, the search
for missing staff.
The six – Citigroup’s Sandy Weill, William Harrison of JP Morgan Chase,
Phil Purcell of Morgan Stanley, John Mack of Credit Suisse First Boston,
John Thain of Goldman Sachs and David Komansky of Merrill Lynch –
were joined by top bankers at Bear Sterns and Lehman Brothers.
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This is the part that bothers me. It has come to the point that mark to market operations are suspended. My thinking is that this is where the PPT action will ultimately blow up. Once the major players get to the point that they are trusting one another not to call for settlement all it will take is one bad actor to queer the deal. It will amount to yelling "Fire!" in a crowded theater. The hacks in DC and New York will use the method one time to many it will blow up in all our faces imo.
 
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