Existence of PPT

Are the above members of the PPT conducting official PPT business or are they just lost and just so happen to bump into the President on the whitehouse lawn during a speech regarding plunge protection.

 

This has been discussed ad-nausiem on here. Enough with the PPT threads. Is public-knowledge they exist... no big deal.

 

If the plunge protection team exists, why has the market plunged over 20% from it's high? Doesn't sound like a very competent team to me.

 

P lanned

P overty

T eam

 

as opposed to 20% in a day or two....they have controlled the inevitable move down.

 

OK, so let's change the name to CIMDT, Control the Inevitable Move Down Team.

 

Hmm, the CIMDT doesn't seem to be in the office today.

 

you're actually right...jewish new year.

 

and I like the CIMDT as much or more than PPT...but PPT just rolls right off the tip..

 

Greenspan talks about the PPT in his book. As you all know, FOMC stands for Federal <b>Open Market</b> Committee, and one of their operations to promote price stability is the purchase of Index Futures on the open market. The PPT deployed all their forces today.