The PPT is not a myth (and it's not the FOMC either, although the Fed chair is part of the PPT). Greenspan talks about the PPT in his book. What is not know is exactly how the PPT works.
And tomorrow, if we go limit down I will not hold my shorts into that event. The Fed will probably be buying the piss out of the futures before we hit that and then they may do a 3/4 point cut. Be prepared for anything because absolutely "anything can happen."
Just bought the book now on Amazon. This is very interesting... Morality really is an allusion, as it pertains to capital markets, isn't it?