There was a time when you were considered a kook for talking about "the working group."
http://www.treas.gov/press/releases/hp1177.htm
PeakOil is You
PPT Press Release
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PPT Press Release
by mattduke » Mon 06 Oct 2008, 16:19:17
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mattduke - Intermediate Crude
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Re: PPT Press Release
by r101958 » Mon 06 Oct 2008, 16:27:55
My guess is this was released right around the time of the rally today. This and copious buy orders.
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Re: PPT Press Release
by Duende » Mon 06 Oct 2008, 16:31:03
I'm glad to see a post on this. I've got to know how much swing The Working Group on Financial Markets (colloquially the Plunge Protection Team) has on the Dow.
Because there's no freakin' way the Dow can swing 806 points down and recover 500 points before the bell??!!
I couldn't believe it. I call shenanigans!
It's funny - if you look it up on wikipedia, it says:
$this->bbcode_second_pass_quote('', 'F')ormer Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.
Because there's no freakin' way the Dow can swing 806 points down and recover 500 points before the bell??!!
I couldn't believe it. I call shenanigans!
It's funny - if you look it up on wikipedia, it says:
$this->bbcode_second_pass_quote('', 'F')ormer Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.
Is this a conspiracy theory? Maybe. But after the performance today, I'd say it's certainly possible.
"Where is the man who has so much as to be out of danger?" -Thomas Huxley
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Duende - Coal
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Re: PPT Press Release
by RdSnt » Mon 06 Oct 2008, 16:48:13
Buying the market wouldn't actually do anything but perhaps calm a panic on a daily basis. It would provide no money to the banks, thus wouldn't free any funds for lending. Plus, since the big trouble paper are things like the CDO's, which are not on the market, it would alleviate that problem either.
Let's face it, the maneuvering that is occurring is simply delaying and denial tactics. The amount of debt and obligations that are needing redemption is too large for the entire world economy to fix.
Let's face it, the maneuvering that is occurring is simply delaying and denial tactics. The amount of debt and obligations that are needing redemption is too large for the entire world economy to fix.
Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
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Re: PPT Press Release
by mattduke » Mon 06 Oct 2008, 16:51:56
As if we didn't know already. What are they going to do next, leave a bloody horses head in our bed?
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mattduke - Intermediate Crude
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Re: PPT Press Release
by Duende » Mon 06 Oct 2008, 16:54:43
RdSnt wrote:
$this->bbcode_second_pass_quote('', 'B')uying the market wouldn't actually do anything but perhaps calm a panic on a daily basis.
$this->bbcode_second_pass_quote('', 'B')uying the market wouldn't actually do anything but perhaps calm a panic on a daily basis.
Then they can just do it day after day after day after day...
See, no more problem
"Where is the man who has so much as to be out of danger?" -Thomas Huxley
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Duende - Coal
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Re: PPT Press Release
by RdSnt » Mon 06 Oct 2008, 19:12:11
D'oh!! How could I have missed that. They are friggin' geniousesessss.
$this->bbcode_second_pass_quote('Duende', 'R')dSnt wrote:
$this->bbcode_second_pass_quote('', 'B')uying the market wouldn't actually do anything but perhaps calm a panic on a daily basis.
$this->bbcode_second_pass_quote('Duende', 'R')dSnt wrote:
$this->bbcode_second_pass_quote('', 'B')uying the market wouldn't actually do anything but perhaps calm a panic on a daily basis.
Then they can just do it day after day after day after day...
See, no more problem
Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
-
RdSnt - Heavy Crude
- Posts: 1461
- Joined: Wed 02 Feb 2005, 04:00:00
- Location: Canada