The so called Plunge Protection Team has been heresay and gossip of traders for a long time. They allegedly step in to in essence BTFD on major market indices to manage market sentiment. You can read more about it here: http://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-recovery/ https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets Is there any truth to it? Is it real? Or conspiracy theory? Watch: With the moniker of "mark-to-market president", do you think this administration uses these services more? Or is this retired trader speaking conspiracy or semi truth?
YES. Created by President Ronald Regan in 1988 through executive order. Here, for starters... https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
Of course its real - the central banks have been juicing the market for years long after the end of QE. No free market here. http://www.gata.org/files/CMEGroupCentralBankIncentiveProgramFAQ.pdf https://www.thenewamerican.com/econ...l-banks-now-dominate-stock-market-study-finds
Just watch the chart... The only thing they never want to happen is a crash as it is bad for the economy and bad for the rich.
Your answers and especially your scientific and/or economical arguments are impressive, like always. LOL.
Of course it's bullsh1t... Whether you consider that the major central banks like the Fed target equity mkt valuations and/or their changes is a separate discussion.