Will We See the PPT By the Close?
I don’t know if the Plunge Protection Team really exists but if there is, I guess today would be the day. The Dow has fallen below its March lows and supposedly, the powers-that-be will want to maintain some sort of bottom or other to maintain confidence in the markets.
I wholeheartedly acknowledge that financial markets are managed to some extent (free markets, my ass) and it would not surprise me at all if the PPT did exist. The close will definitely be interesting to watch.
More on this topic
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Dwolla: Threat to the Financial Services Industry?
(Investment U, 4/24/12)
The Dow Reaches a Four-Year High
(Wall Street Daily, 5/2/12)
Earnings Fuel Stock Market Gains – Dow Jones Soared More than 100 Points Midday
(Money Morning, 4/20/12)
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