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The rapid recovery and obvious short covering after this recent market distress has me wondering if there is more to this than meets the eye.
I don’t know why a plunge protection team couldn't wade in and make abrupt clumsy purchases of futures and derivatives. The futures/ stocks arbs would see to it that any AM rally in futures carried through to the equities market, which would then start the short squeeze and quite likely stop the decline.
Does anyone doubt that the Wall street-Washington axis would hesitate to do anything that they thought they could get away with?
Is Paulson more interested in his buddies from Park avenue, Greenwich and Upper Saddle River, or in Joe Sixpack in Oshkosh?
This sounds like Roswell stuff, but I think it is not only possible but maybe even likely.
Ha
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