The Plunge Protection Team real?

[beefcaketrade]

The so called Plunge Protection Team has been heresay and gossip of traders for a long time. They allegedly step in to in essence BTFD on major market indices to manage market sentiment.

You can read more about it here:
http://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-recovery/
https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

Is there any truth to it? Is it real? Or conspiracy theory?

Watch:


With the moniker of "mark-to-market president", do you think this administration uses these services more? Or is this retired trader speaking conspiracy or semi truth?

 

[Buy1Sell2]

Is there any truth to it? Is it real?

No

 

[tiddlywinks]

Is there any truth to it? Is it real?

YES. Created by President Ronald Regan in 1988 through executive order.

Here, for starters... https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

 

[comagnum]

Of course its real - the central banks have been juicing the market for years long after the end of QE. No free market here.

http://www.gata.org/files/CMEGroupCentralBankIncentiveProgramFAQ.pdf

https://www.thenewamerican.com/econ...l-banks-now-dominate-stock-market-study-finds

 

[JackRab]

It's the biggest pump-and-dump team around.... works every time...

 

[Mtrader]

It's the biggest pump-and-dump team around.... works every time...

Just watch the chart...
The only thing they never want to happen is a crash as it is bad for the economy and bad for the rich.

 

[Mtrader]

No

Your answers and especially your scientific and/or economical arguments are impressive, like always. LOL.

 

[Max E.]

Definitely real. Their Names are Janet, Ben, and Allen.

 

[Martinghoul]

Of course it's bullsh1t...

Whether you consider that the major central banks like the Fed target equity mkt valuations and/or their changes is a separate discussion.

 

[Money Trust]

Sounds like something dreamed up by permabears who lost money trying to call the top.