The Plunge Protection Team real?

Discussion in 'Economics' started by beefcaketrade, May 23, 2017.

  1. eurusdzn

    eurusdzn

    Yeah, but if the they did not intervene in the markets then interest rates would probably be below zero.
     
    #31     May 28, 2017
  2. Tsing Tao

    Tsing Tao

    I don't think there's any PPT active in the market, but I do think that central banks like the BoJ buying ETFs and the Swiss National Bank buying equities with printed francs (in their quest to keep the CHF tied to EUR) has a good deal to do with the market's resiliency. I'm sure other central banks are active participants as well.
     
    #32     May 30, 2017
    murray t turtle likes this.
  3. JSSPMK

    JSSPMK

    So that's your PPT.
     
    #33     May 30, 2017
  4. comagnum

    comagnum

    The PTT is not active every day in the market - there purpose is not to make a perma bull market. The PTT is at the disposal of the president for urgent times. If you had bought the market the moment presidents have advised the public that it is a good time to buy the market like in the Bush post 911 and Obama post subprime crash you would be well rewarded. Bear markets reversed to the minute of the announcements making huge parabolic moves.

    A crashed market + the president utilizing the PTT = announcement public should get in = all reward/no risk. There is no stronger buy signal.

    2009_Obama_Bottom.PNG
     
    Last edited: May 30, 2017
    #34     May 30, 2017
    murray t turtle likes this.
  5. %%
    But part of the pattern maybe true. Boy plunger was real nickname i think LOL
     
    #35     May 30, 2017