PPT is just a myth, Market sentiment is what drives the markets!
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.
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.
Ahh, If you consider the FED,Obama and the entire House of Rep. all on this Mythical team, then I guess so.
6pm EST - Dow futures was -350 points. 11pm EST - Dow only -170s. Mnuchin's plunge protection team at work to soften the blow.
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.
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.
Even despite Friday's down, this "buy and holder" is up 15% YTDYeah, 2018-2019 is a real "money maker" for us traders!
Even despite Friday's down, this "buy and holder" is up 15% YTD
And your 1yr return is?
And your 1yr return is?
And your 1yr return is?