Clear evidence of the existence of a Plunge Protection Team

[max]

"On Friday, the Dow was down 468 points at 3 but rocketed 790 points and was up 322 points just after 3:30. It then sold off but closed down only 128."

*****

Why on earth would the Dow rally back 10% in 30 minutes when all news is bad?
Where did these buy orders come from?

But this time....not even the plunge protectors can defy the law of gravity. Their attempt to reinflate the bubble is what causes these ugly explosions in the long run

[Deborah K]

"On Friday, the Dow was down 468 points at 3 but rocketed 790 points and was up 322 points just after 3:30. It then sold off but closed down only 128."

*****

Why on earth would the Dow rally back 10% in 30 minutes when all news is bad?
Where did these buy orders come from?

But this time....not even the plunge protectors can defy the law of gravity. Their attempt to reinflate the bubble is what causes these ugly explosions in the long run


Here's Andy Gause on the plunge protection team: http://www.andygause.com/index.php?option=com_content&task=view&id=473

[Cowlesy]

Because everyone covered their shorts heading into the weekend. Takes brass balls to stay short with huge downside risk if say, Paulson were to say he's injecting immense amounts of capital into the banks.

Best not to try and catch a broadsword which is betting which way the market heads next week.

[Bigvick]

"On Friday, the Dow was down 468 points at 3 but rocketed 790 points and was up 322 points just after 3:30. It then sold off but closed down only 128."

*****

Why on earth would the Dow rally back 10% in 30 minutes when all news is bad?
Where did these buy orders come from?

But this time....not even the plunge protectors can defy the law of gravity. Their attempt to reinflate the bubble is what causes these ugly explosions in the long run

Have you looked at the VIX levels for today's trading session...?

That explains it all....