There is nothing healthy about this market

zdreg said:
That is a good as theory as his to the plunge protection team.:D

Here is the origin:"
What Is the Plunge Protection Team?
The "Plunge Protection Team" (PPT) is a colloquial name given to the Working Group on Financial Markets. Created in 1988 to provide financial and economic recommendations to the U.S. President during turbulent market times, this group is headed by the Secretary of the Treasury; other members include the Chair of the Board of Governors of the Federal Reserve, the Chair of the Securities and Exchange Commission and the Chair of the Commodity Futures Trading Commission (or the aides or officials they designate to represent them)."
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The team existed in some form but what they do is nothing like what some posters on here think they do. "Price discovery" is a term used by conspiracy theorists to portray something very basic ( like air and water ) as something more sinister. Basically it supposedly only exists when markets go down. It's all a bunch of baloney.
 
nooby_mcnoob said:
I'm a middle guy so I see merits on all sides. But I think he probably blocked me because I was annoying him.
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I highly question people whom go out of their way to tell you something like the PPT, or the Fed active roll in manipulating markets or the Fed close relationship with Goldman doesn't exist. Its one thing for them to not believe it themselves and mention that in the course of regular conversation. But to enter into threads and to force feed the narrative MAKES me very skeptical of them. The same with people on here forcing their own narrative regarding crypto. Makes me feel like they are paid social media posters.
 
Pricechange said:
I highly question people whom go out of their way to tell you something like the PPT, or the Fed active roll in manipulating markets or the Fed close relationship with Goldman doesn't exist. Its one thing for them to not believe it themselves and mention that in the course of regular conversation. But to enter into threads and to force feed the narrative MAKES me very skeptical of them
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Bro the PPT meme is a JOKE.

No one realistically thinks every dip is bought by the PPT, but there is some truth in the joke where a working committee can collude to impact markets.

Similarly, the federal insider trading committee comes from the fact that they just had some people quit for INSIDER TRADING. Do they all do it? No. Are all their decisions based on that? No. But there is some truth to the joke.

I would be more suspicious of those who can't take a joke or see nuance.
 
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