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 [...]
I was a bit out of it yesterday but feeling much better today. Yesterday’s market action had a feel of PPT to it. Once the markets went negative and came back, it just felt “unnatural”. In soccer/football, they call it “against the run of play” when the team that’s been on its [...]
Michael Pascoe runs a daily podcast that focuses on the Australian markets. Yesterday’s morning podcast led off with (paraphrasing), “If anyone can figure out the American stock market, please clue me in.”
There have been at least 2 or 3 closes in the last month or so where the market was down big and came [...]
