Guess it was all a false alarm. CNBC says 2019 is lookin' to shape up like a great year. They are calling the bottom. The blue light special is over folks. OMG...Get in while you still can. FOMO Buy buy buy!
Please present evidence that a "group" has been buying equities in order to support markets. No one ever shows any evidence. In fact , there was a guy touting govt intervention in equity buying last week, yet the "PPT" didn't even get told to convene til this weekend.
I will do it, just to reply to you out of respect for the forum but it is the last time I speak on this topic and will ignore further replies on this subject, not something I really wanna spend my time thinking about or typing about. I think what they do is necessary and definitely not rigged like some tin foils talk about. For the most part, I believe they do it in times of desperate fear in markets ( the recognizable patterns at least ), to keep confidence in the system per say. It is better to restore confidence to keep the system intact in end of business cycles that were not cared for appropriately then to let it degenerate through a very hard landing, by providing liquidity in the Fixed Income Market which the Fed has been doing for a long time it seems in normal times, and by buying S&P 500 indexes in dire times. Better that then to dump cash in society creating much higher then wanted inflation. Can they sustain the market on the medium to long run ? No... But short burst have clearly been identified and the buying momentum behind certain days is capable only by a Central Bank. Ill start with yesterday, in the midst of the mass selling taking place of equities worldwide since October, liquidity drying up big time in December in the bond market along with Powell saying December 19 we are pulling the plug on this cycle, some buyer came in yesterday in futures and moved the sp futures up 32 points in 1 hour and 10 minutes, as of December 4th 2018, we can estimate the SP market cap at 23.28 T according to latest figures. The jump represented about 1.25 to 1.3 % value of the index in a hour and ten minutes span of a 23.28 T market cap. The largest gain ever recorded in a day on the SP happened December 26th 2018 ( in the midst of vicious sell-offs in previous days ), the 20th biggest gain ever recorded in a day was 50.13... Futures jumped 32 in a hour and ten minutes! February 2016, which seems to be the lowest point of a lot of companies during that time, SP had been on a downtrend since Dec 2015, Feb market cap 16.92 T, and everything took off February 5th, market cap March 2016 was 17.96 T... 1 Trillion of in flow got added to the SP in a month, on trading days of 20 in a month, it would roughly be 50 Billion a day being added to SP's market cap. December 31st 2017 market cap was 22.82 T, remember in January 2018 ? Everything was green for entire month, Jan 31st 2018 market cap was 24.10 T, right before sell-off in February. Last paragraph and arguably the most debated dates besides yesterday are October 13th and October 28th 2008, it was pretty much mass exodus and armageddon worldwide through the second half of 2008, equities getting obliterated for months, especially bad in October, in the midst of the mass selling, October 13th sees a 11.58 % gain in one day, October 15th saw Dow fall 733 points and worldwide sell off continuing. Destruction and mass sell off continues for the time being, pretty much worldwide chaos is clearly known at this point, everybody is withdrawing there money asap regardless of losses cause nobody knows the bottom really, in the midst of all that, October 28th records a 10.79 % gain for the SP, Sp lost 17 % of its market cap in the month of October 2008... Conclusion I believe, there is a clear evidence Central Banks intervene instead of letting it collapse, is it called PPT or wtv ? I don't know, they do not keep records, some famous investors even talk about them if you catch the right videos, one is even on the mainstream, do a little digging you will find it. The current sell off were having is the liquidity issue drying up in bond market, if they add a bit of juice there, which I hope they will in Jan, to coordinate worldwide recession with Brexit. It would be extremely ugly to have a stock market crash right before a worldwide recession, it would have intense pressure on the financial markets like 2008. It seems they want to be coordinating better after yesterday's show of power Some have demonstrated many dates, but I did not research and go into numbers to verify those dates, hope this helps to understand better. They are not riggin or tricking traders, merely keeping the game alive when a bank run happens
on 26 Dec 18, market went up significantly. market is kind enough to give us the opportunity to sell those stocks which we failed to sell much earlier.
This is anectdotal and just conjecture. Please provide evidence that a "group" has purchased equities in order to support the markets.