Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Will the Plunge Protection Team be around next week?
Old 08-25-2019, 07:39 AM   #1
Full time employment: Posting here.
 
Join Date: Aug 2013
Posts: 763
Will the Plunge Protection Team be around next week?

So, another notch in the tariff wars. Will the plunge protection team come and save the day?
__________________

__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 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 08-25-2019, 07:47 AM   #2
Recycles dryer sheets
Snidely Whiplash's Avatar
 
Join Date: Apr 2009
Posts: 204
I certainly hope not. I got very few shares of a stock Ive been waiting for last December. Id like to buy more cheap in the next couple weeks.

__________________

Snidely Whiplash is offline   Reply With Quote
Old 08-25-2019, 08:44 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 4,162
Yeah interesting what the markets will do on Monday. Asia almost definitely down.
Without any further offsetting info, markets could tank down for one day.
__________________
TGIM
Dtail is offline   Reply With Quote
Old 08-25-2019, 09:00 AM   #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: 22,678
Seems like a lot of the market volatility is due a lot of jawboning about trade wars/tarriffs.

PPT doesn't have to intervene. If the jawboning quiets down a bit, the market volatility will reduce.

Personally I don't like to think of the PPP intervening when market levels are still near recent highs. Seems like a waste.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 08-25-2019, 09:46 AM   #5
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
PPT is just a myth, Market sentiment is what drives the markets!
NYEXPAT is offline   Reply With Quote
Old 08-25-2019, 09:55 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 9,720
Although the following numbers are after a bad December, the YTD returns of US stocks and US bonds are about 15% and 9% which are rather excellent, so a plunge would not do much damage in reality.
LOL! is offline   Reply With Quote
Old 08-25-2019, 10:00 AM   #7
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: 22,678
Quote:
Originally Posted by NYEXPAT View Post
PPT is just a myth, Market sentiment is what drives the markets!
I believe it was in action 2008/2009.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 08-25-2019, 11:30 AM   #8
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
Quote:
Originally Posted by audreyh1 View Post
I believe it was in action 2008/2009.
Ahh, If you consider the FED,Obama and the entire House of Rep. all on this Mythical team, then I guess so.
NYEXPAT is offline   Reply With Quote
Old 08-25-2019, 11:49 AM   #9
Full time employment: Posting here.
USGrant1962's Avatar
 
Join Date: Dec 2016
Location: DC area
Posts: 953
Quote:
Originally Posted by NYEXPAT View Post
Ahh, If you consider the FED,Obama and the entire House of Rep. all on this Mythical team, then I guess so.
Well, the real name is the Working Group on Financial Markets and the Fed is on it and it reports to the President. From https://www.investopedia.com/terms/p...ction-team.asp

Quote:
The "Plunge Protection Team" (PPT) is a colloquial name given to the Working Group on Financial Markets. Created in 1988 to provide financial and economic recommendations to the U.S. President during turbulent market times, this group is headed by the Secretary of the Treasury; other members include the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the Securities and Exchange Commission and the Chairman of the Commodity Futures Trading Commission (or the aides or officials they designate to represent them).

The name "Plunge Protection Team" was coined by The Washington Post and first applied to the group in 1997.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged

"All models are wrong, some are useful." - George Box
USGrant1962 is online now   Reply With Quote
Old 08-25-2019, 01:26 PM   #10
Full time employment: Posting here.
 
Join Date: Aug 2013
Posts: 763
Quote:
Originally Posted by NYEXPAT View Post
Ahh, If you consider the FED,Obama and the entire House of Rep. all on this Mythical team, then I guess so.
Mythical during Obama. Not mythical during Trump. Mnuchin heads the PPT very actively.

https://www.americanbanker.com/artic...rket-stability
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 is offline   Reply With Quote
Old 08-25-2019, 08:52 PM   #11
Full time employment: Posting here.
 
Join Date: Aug 2013
Posts: 763
6pm EST - Dow futures was -350 points. 11pm EST - Dow only -170s. Mnuchin's plunge protection team at work to soften the blow.
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 is offline   Reply With Quote
Old 08-25-2019, 09:02 PM   #12
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
Quote:
Originally Posted by cyber888 View Post
6pm EST - Dow futures was -350 points. 11pm EST - Dow only -170s. Mnuchin's plunge protection team at work to soften the blow.
I must have missed the tweet! either way we will be below 2700 soon regardless with a 3% down day within the next two weeks!
NYEXPAT is offline   Reply With Quote
Will the Plunge Protection Team be around next week?
Old 08-26-2019, 05:42 AM   #13
Full time employment: Posting here.
 
Join Date: Aug 2013
Posts: 763
Will the Plunge Protection Team be around next week?

It is 7:45 am .... Dow Up .. +200 ... LOL
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
cyber888 is offline   Reply With Quote
Old 08-26-2019, 05:59 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 3,536
Looks like it is just being manipulated (and confused) for someone's personal gain. If one times it right one could make a fortune with all these ups and downs.
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Old 08-26-2019, 06:08 AM   #15
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
So trump tweets at 3.02 am after the futures have rallied! Based on last nights action this 3% down day will be this week and not "within two weeks".
NYEXPAT is offline   Reply With Quote
Old 08-26-2019, 06:11 AM   #16
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
Quote:
Originally Posted by ShokWaveRider View Post
Looks like it is just being manipulated (and confused) for someone's personal gain. If one times it right one could make a fortune with all these ups and downs.
Yeah, 2018-2019 is a real "money maker" for us traders!
NYEXPAT is offline   Reply With Quote
Old 08-26-2019, 06:16 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 4,162
Quote:
Originally Posted by ShokWaveRider View Post
Looks like it is just being manipulated (and confused) for someone's personal gain. If one times it right one could make a fortune with all these ups and downs.
That's what I have been telling my friends. All these tweets are typically off market hours. Perfect set up to take on the correct directional positioning for those in the know.
__________________
TGIM
Dtail is offline   Reply With Quote
Old 08-26-2019, 06:56 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 5,862
Quote:
Originally Posted by NYEXPAT View Post
Yeah, 2018-2019 is a real "money maker" for us traders!
Even despite Friday's down, this "buy and holder" is up 15% YTD
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 08-26-2019, 07:00 AM   #19
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,795
Quote:
Originally Posted by marko View Post
Even despite Friday's down, this "buy and holder" is up 15% YTD
And your 1yr return is?
NYEXPAT is offline   Reply With Quote
Old 08-26-2019, 07:06 AM   #20
Moderator
Aerides's Avatar
 
Join Date: Nov 2015
Posts: 3,595
Quote:
Originally Posted by NYEXPAT View Post
And your 1yr return is?
VTSAX is up 20% ytd, still.
__________________

Aerides 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
What exactly is a "Plunge Protection Team" frayne FIRE and Money 18 12-24-2018 10:45 AM
Plunge Protection Team , Urban Legend or real ? Lakewood90712 Stock Picking and Market Strategy 3 09-01-2015 03:12 PM
Plunge Protection Team riskadverse FIRE and Money 18 03-07-2009 04:03 PM
Success - What goes around comes around..... Cut-Throat Other topics 1 01-25-2004 01:51 AM

» Quick Links

 
All times are GMT -6. The time now is 06:19 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.