Juicing the stock market; the secret maneuverings of the Plunge Protection Team

Discussion in 'Trading' started by K.C., Mar 5, 2007.

  1. K.C.


    According to John Crudele of the New York Post, the Plunge Protection Team’s (PPT) modus operandi was revealed by a former member of the Federal Reserve Board, Robert Heller. Heller said that disasters could be mitigated by “buying market averages in the futures market, thus stabilizing the market as a whole.”

  2. Anyone who would reference Rense.com loses all credibilty with me.

  3. That's no "secret". They were doing that back in October-1987.
  4. Just a bitter short.

    By the way, his reference of 8 trillion controlling 313 trillion in derivatives is silly at best.

    1 30 day fed fund futures contract, which typically moves a few bucks a day (literally), controls 1 million notional US dollars.
  5. S2007S