PPT (Plunge Protection Team) at work – keep it up boys

President Reagan founded the PPT as the aftermath of the 1987 crash and and the low of that crash was powered by a big force at work to buy all futures.

They are doing the work now again and it will be interesting to see if they can absorb the panic sellers. So far it looks good but as yesterday the game is over when the bell rings and people are scared of the last hour.

The current President will make a speech soon and the rumor is that he will make a substantial announcement instead of his usually sharp economic analysis. Sit tight, looks like a little trough today.

Berlusconi (Italy’s PM) said they are considering to shut down all markets for a while.

Advertisements

~ by behindthematrix on October 10, 2008.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: