Join Early Retirement Today
View Poll Results: Is the government trying to manipulate the market via the PPT
NO 5 45.45%
Maybe 3 27.27%
YES 3 27.27%
Voters: 11. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Plunge Protection Team
Old 10-10-2008, 03:15 PM   #1
Full time employment: Posting here.
 
Join Date: Oct 2002
Posts: 717
Plunge Protection Team

Do you believe the government is active in trying to manipulate the market via the Plunge Protection Team (PPT)?

A couple of years ago this was considered "tin foil hat" stuff, but I'm curious if that is still the general consensus.


a. NO . . . the PPT is strictly "tin foil hat" stuff
b. Maybe -
c. YES . . . of course - it's just another knob they use to try and control the economy
__________________

__________________
Random Reinforcement is Highly Addictive.
riskadverse is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-10-2008, 03:19 PM   #2
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Quote:
Originally Posted by riskadverse View Post
Do you believe the government is active in trying to manipulate the market via the Plunge Protection Team (PPT)
I pick "B - Maybe". Today was different and I am curious about the rally at the end of the day. Where did that money come from - the PPT?
__________________

__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Old 10-10-2008, 03:20 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
I don't understand the point of the question because there is definitely a PPT in place today and they are trying hard to manipulate things. There is even legislation that gives them the power to do so. It's all out there in public view now, so anyone who says NO to your question just isn't paying attention or is hallucinating.
__________________
LOL! is offline   Reply With Quote
Old 10-10-2008, 03:38 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,456
Were they the ones buying AAPL today?

It's well documented that they exist. The Washington Independent The Plunge Protection Team
I guess the real question was whether they try to manipulate the market?

Audrey
__________________
audreyh1 is offline   Reply With Quote
Old 10-10-2008, 03:46 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
If there is a plunge protection team, they all need to be traded. Maybe swap with Iceland?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 10-10-2008, 03:48 PM   #6
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Quote:
Originally Posted by audreyh1 View Post
I guess the real question was whether they try to manipulate the market?
I may be misreading the OP, but I thought that was the question. Although option A does allow for the conspiracy believers. The group does not own up to buying stocks. Here is there most recent statement. http://www.treas.gov/press/releases/hp1177.htm
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Old 10-10-2008, 03:59 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
If by "plunge protection" you mean "trying to prevent cascading business failures that result in a new Great Depression" . . . then yes.
__________________
Gone4Good is offline   Reply With Quote
Old 03-05-2009, 12:42 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
PPT, where are you?
__________________
al_bundy is offline   Reply With Quote
Old 03-05-2009, 01:18 PM   #9
Dryer sheet aficionado
 
Join Date: Mar 2007
Posts: 37
Quote:
Originally Posted by al_bundy View Post
PPT, where are you?
Maybe they gave up and are now naked shorting.
__________________
snodog is offline   Reply With Quote
Old 03-05-2009, 03:36 PM   #10
Thinks s/he gets paid by the post
ls99's Avatar
 
Join Date: May 2008
Posts: 4,792
Gone with the lemmings?
__________________
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 03-05-2009, 03:49 PM   #11
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
The plunge(r) got stuck in the toilet along with the market and the economy.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-05-2009, 04:03 PM   #12
Full time employment: Posting here.
 
Join Date: Oct 2002
Posts: 717
I personally believe there is a PPT. When the president (past and present) focuses on the short term gyrations of the market and makes public comments on the performance, it seems natural to me that his regime would try and influence the market by all reasonable means. I usually watch the closing hour of the market, and it astounds me the number of times the market attempts or achieves just above a round number on a rising day, and just below a round number on a falling day. It's like someone is in charge of making sure that the newscasts will report: the DOW lost 295 points today rather than the DOW lost more than 300 points today. And conversely, the DOW gained more than 300 points today rather than the DOW gained 295 points today. Around 10 minutes to close, I try and predict what approximate number would sound best on the evening news, and watch the "market" extend or reverse the trend to try and achieve that number.
__________________
Random Reinforcement is Highly Addictive.
riskadverse is offline   Reply With Quote
Old 03-05-2009, 04:33 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
they have to be just as bad as those supposed worlds worse price fixers at the oil companies
__________________
mathjak107 is offline   Reply With Quote
Old 03-06-2009, 07:40 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Quote:
Originally Posted by riskadverse View Post
I personally believe there is a PPT. When the president (past and present) focuses on the short term gyrations of the market and makes public comments on the performance, it seems natural to me that his regime would try and influence the market by all reasonable means. I usually watch the closing hour of the market, and it astounds me the number of times the market attempts or achieves just above a round number on a rising day, and just below a round number on a falling day. It's like someone is in charge of making sure that the newscasts will report: the DOW lost 295 points today rather than the DOW lost more than 300 points today. And conversely, the DOW gained more than 300 points today rather than the DOW gained 295 points today. Around 10 minutes to close, I try and predict what approximate number would sound best on the evening news, and watch the "market" extend or reverse the trend to try and achieve that number.
the official name is Working Group on the Capital Markets, or something like that. It's an inter-agency group but i can't remember who is on it. It was created after October 1987 because the losses that day were so bad that a lot of banks were on the verge of BK because they all trade on margin and couldn't pay their counterparties.

the reason for the late trading is that institutional investors start trading after lunch. used to be around 3pm, but i i've read it's around 1:30pm now
__________________
al_bundy is offline   Reply With Quote
Old 03-07-2009, 05:02 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
well we can help the budget gap by firing them all...... im starting to think maybe a market this bad is linked to terrorism......

they seem to be doing a better job then the plunge protection group if both are true
__________________
mathjak107 is offline   Reply With Quote
Old 03-07-2009, 10:26 AM   #16
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by mathjak107 View Post
well we can help the budget gap by firing them all...... im starting to think maybe a market this bad is linked to terrorism......
Hmm. Are Osama and Company loading up on those ultrashort ETFs?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-07-2009, 10:43 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Quote:
Originally Posted by ziggy29 View Post
The plunge(r) got stuck in the toilet along with the market and the economy.
Hey - I'm back from New Orleans(healthy twins Mardi Gras day) and visiting Bush, Slidell and a couple places around Chattanooga in Alabama and Georgia.

I thought Ziggy was 'our forum's plunge protector' with his timing.

So I get back last night and and turn on the tv?



heh heh heh - ok ok soooo what's a little market fluctuation among friends . What? You want I should cry? Picked up 10 lbs in 8 days - mostly New Orleans food.

3108.6 miles roughly speaking - give or take.
__________________
unclemick is offline   Reply With Quote
Old 03-07-2009, 02:51 PM   #18
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,826
Quote:
Originally Posted by unclemick View Post
Hey - I'm back from New Orleans(healthy twins Mardi Gras day) and visiting Bush, Slidell and a couple places around Chattanooga in Alabama and Georgia.

I thought Ziggy was 'our forum's plunge protector' with his timing.

So I get back last night and and turn on the tv?



heh heh heh - ok ok soooo what's a little market fluctuation among friends . What? You want I should cry? Picked up 10 lbs in 8 days - mostly New Orleans food.

3108.6 miles roughly speaking - give or take.
Hey, I *lost* a pound spending about the same length of time in Missouri over Mardi Gras! I can see me now - - trim, svelte, even athletic in my retirement years....

Don't worry about the market. As you have pointed out before, Vanguard's computers are busily rebalancing your target retirement funds. Plus, your SO has twin grandchildren born on Mardi Gras. Life is good.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 03-07-2009, 05:03 PM   #19
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,240
I suppose the reason I doubt most "conspiracy theory" concepts is that few conspirators in history have ever been able to keep the secret for any length of time. If ANY information about this "team" has been shared with ANY member of congress, the jig is already up, heh, heh.

Yes, there are certainly efforts to stop the plunge, but even though the details are kept from us when legislation is passed, it all comes out (admittedly after it's too late) eventually.

Would our gummint try to pull a fast one. Sure, but there's always someone who would blow the whistle just for the political advantage it might give them (not because it's the right thing to do). So while you can't trust humans, you can count on human nature. (Was that profound or is my blood sugar just low? Think I better do lunch.)
__________________

__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Thanks to you I made the plunge Reelax Hi, I am... 4 04-14-2008 05:57 PM
Welcome to the team... Andy R Forum Admin 1 10-23-2007 07:19 PM
20% stock market plunge ferco FIRE and Money 52 06-03-2007 03:53 PM
HDTV's - about to take the plunge modhatter Other topics 17 06-27-2006 04:57 PM
Questions on "taking the (houseboat) plunge Caroline Life after FIRE 8 07-12-2005 08:40 PM

 

 
All times are GMT -6. The time now is 10:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.