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Where the plunge protection team gets it's money.



May 29, 2009 – Comments (6)


Make sure to watch the video.

I was confused how the plunge protection team and Goldman Sachs. could keep up with pumping 20+ billion dollars into to the market in a matter of minutes over and over again.

These positions would take forever to unwind without negatively affecting the market.

I have my answer now. 

6 Comments – Post Your Own

#1) On May 29, 2009 at 11:18 PM, russiangambit (28.83) wrote:

Did anybody see the crazy close today? If this is not computer trading gone wild, I don't know what it is. The PPT or whoever completely broke the market with all the crazy trading.

The GM bankruptcy is on Monday and we rocket almost 2% up in 15 min? Yes, just do the opposite what the common sense tells you and you'll do just fine.

Unless there was some sort of a leak of yet another government program to be announced over the weekend.


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#2) On May 29, 2009 at 11:33 PM, ChrisGraley (28.64) wrote:

I can't understand why the media isn't jumping all over this.

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#3) On May 29, 2009 at 11:38 PM, portefeuille (98.83) wrote:

see this: 1,2

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#4) On May 30, 2009 at 12:08 AM, ChrisGraley (28.64) wrote:

This has got to end up with somebody in jail. I know we've manipulating the economy like this before, but the scale of this manipulation is wiping out tons of investors.

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#5) On May 30, 2009 at 12:24 AM, portefeuille (98.83) wrote:

421310 views and 1367 comments to that video so far!

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#6) On May 30, 2009 at 8:29 AM, AllStarPortfolio (23.65) wrote:

Somehow wiping out the life savings of tons of investotors is good for the economy?


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