Plunge protection Team

anley

Senior member
2,730 229
Not garbage at all, but the article most probably goes to far.

Want proof, well it will come soon enough. Just wait for a very bad downday on Wall Street and then see if your online trading system will work from your broker (Fidelity, Scottrade, schwab etc), these systems will all 'break' at the same time and you won't be able to sell even if you want to.
 

TWI

Senior member
2,536 254
Qaza,
I am not some mad conspiracy theorist but I am not so sure anymore that this is garbage at all. The FED have mentioned on a number of occasions publicly that they have a policy of intervention in the Equity markets under extreme circumstances. The Japanese have been at that for years. Also The recent business with Precious has a very odd taste to it.
Is there any proof that this is definitely not happening?
 

qaza

Active member
235 0
TW

Of course govts intervene in financial mkts. After all they are the guys who change bank rates, issue bonds etc etc but this idiotic assumption that a secretive group of people exists to manipulate the equity mkts is nonsense

If Greenspan wants to influence the mkt he stars talking .............. simple as that ! He's done it so often in the past , why should he bother with a "PPT" ?
 

qaza

Active member
235 0
anley said:
Not garbage at all, but the article most probably goes to far.

Want proof, well it will come soon enough. Just wait for a very bad downday on Wall Street and then see if your online trading system will work from your broker (Fidelity, Scottrade, schwab etc), these systems will all 'break' at the same time and you won't be able to sell even if you want to.


So if we have a bad downday and my online trading system does'nt work that will confirm the existence of the PPT ?
 

TheBramble

Legendary member
8,394 1,170
qaza said:
Bramble ,

Do you think that the article TW highlighted has any merit ?

I hadn't read the article. I was asking which post you were referring to.
 

TWI

Senior member
2,536 254
Greenspan does manipulate markets with his mouth, we all know that, but then why does it stretch your belief if there is suggestion that more direct manipulation of capital flows also occurs?
For example, on Friday, when the data was released, the USD sold off, the equities sold off and gold and silver went higher. Within 20 minutes of the figure , they had all changed direction to go in the direction that is currently seen as "favourable" by the FED.
I just see this sort of price action a lot more than I used to and this was one possible explaination for it.
 

qaza

Active member
235 0
TW

" US financial markets are now based on the gambling whims of a special fraternity of Federal Govt DERIVATIVE dealers"

you want me to take this garbage seriously ?

As for govt intervention/involvement in mkts ................. sure it happens, to what extent none of us know but its great to have the PPT to blame when mkts do'nt move as we expect them to.
 
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BBB

Experienced member
1,071 3
So if we have a bad downday and my online trading system does'nt work that will confirm the existence of the PPT ?

Maybe this explains why so many people complain TWS from IB stalls when the spoos get fast???

Just a thought :cheesy:
 

qaza

Active member
235 0
TW

read this.........................

"Incoherences in matter, and suppositions without proofs, put handsomely together, are apt to pass for strong reason "
 
 
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