Uh oh. PPT needs to make a move or they lose all credibility!
Treasury Secretary Mnuchin making a big mistake!
- Thread starter NY_HOOD
- Start date
10 posts and showing their credentials by using an acronym. PPT- plunge protection team
"Quickly" is subjective and relative.
The decline hasn't been so swift that a trader would not have been able to cope. In fact, it's been rather orderly. (Even the crash of '87, was orderly enough to play. Recently we've had the ES swing 100 points in 5-minutes... that's both down, then up.... and the NQ drop -100 points in 1 minute. THOSE were "unplayable crashes", IMV.)
Not true. In1987 drop the Fed called the big brokers and ordered them to buy. if you know history the result was a big reversal updayand the bottom of the panic.
the big banks owe the government and Fed for 2008 bailouts. the government is calling in their chits. the banks will comply to some degree and screw the public shareholders.
It's the liquidity bubble burst...mild recession in store.... we will survive 
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Well ''a big reversal upday'' seldom happens; proof is NASDAQ finished down[Year]] in 1987.Reversals almost always happen over months or many months[excepting 20/20 hindsight; not paid on 20/20 hindsight]
Anything can happen for 20 days.DOW theory could have easily missed the 1987 crash. But DOW theory is still right, no FED, no banks, nobody is bigger than the markets.
Last friday could have been'' a big reversal upday ''; no problem to get back in downtrend.
I dont blame the 2008 big banks,Morgan Stanley, big bank, asset manager said the[fake] media tries to scare public into selling LOL.Even if that was an honest mistake, one day reporting S&P up[green] about 00.0001%; SPY which is one of my benchmarks, was down 0.22%, same day.
I see your points zdregyou are a man with 20/10 vision.