PPT doesn't exist. Otherwise where were they in 1907, 1929, 1987, 1989, you-name-it, etc??? What you mention did happen but only one time, and that doesn't mean there is a banking resource with huge amount of cash just waiting for the next crash to come in and save the day... Not to mention when the sell off is orderly like in the last week, and the market keeps dropping just 2-3% per day there is nothing to trigger it.
It is a known fact the "Presidents Working Group" was founded in 1988 by Ronald Regan. It was the press that coined the term "Plunge Protection Team", PPT for short, several years later. These are facts. Yes, during the Panic of 1893, JP Morgan, the man, lent money to the US government, actually to the US Treasury, I think in the form of gold. I believe there were other international lenders put together through JP Morgan. The US Treasury was near broke and the request to JP Morgan for help was made directly from the President at the time. Similar to Warren Buffets participation in 2007/8. There wasn't even a Federal Reserve at the time. Not until 1913.
It was done through vol suppression during the Yellen regime. It's no coincidence the vol explosion occurred on February 5 this year, the day Powell ascended to fed chair.
Why would any of you go long this market with a trade war, government shutdown, fed raising rates, and Trump throwing temper tantrums as cabinet members resign.... Seriously I think some here were taught only how to buy and lose money..
1. Doesn't mean it still exists or effective. It wasn't in 1989... 2. Show me the evidence it worked in 1989, during the early 2000s or in 2008. https://en.wikipedia.org/wiki/Friday_the_13th_mini-crash