Re: market mojo
Maybe you guys could help me understand these Plunge Protection Team conspiracy theories.
If there really was a PPT, why wouldn't they simply make that fact public? Surely the idea that they existed would be more powerful than monetary intervention, so they could save a bunch of money by just saying "we are the PPT."
And if it's so easy to manipulate the market, why isn't everybody doing it? I'm sure some giant hedge fund could arrange a nice line of credit if it were a sure thing.