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Plunge Protection Team?

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Nov 14, 2008 7:49 pm

WealthManager

Joined: 2006-05-16Offline

Does the Plunge Protection Team really exist in the sense that the Working Group is being used to prop up the markets during downturns.  Did they act yesterday?  Are they acting today? <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />

 

I thought a little conspiracy theory would be fun.

 

--WM

Nov 15, 2008 4:50 pm

feng shui

Joined: 2007-03-09Offline

I think that theory has been put to rest.

Nov 15, 2008 5:20 pm

TE178519

Joined: 2008-07-01Offline

Anyone see the futures?  Saw 'em for the first time this morning, -5% across the boards.  Plunge protection team, where are you?

Nov 19, 2008 4:51 am

Broker7

Joined: 2007-02-23Offline

W/O the PPT we would now be in the dark… The PPT will keep this facade going for a few more…