Can we get another Lightweis health check please?
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Can we get another Lightweis health check please?
10 year treasury shot up today.
http://www.marketwatch.com/story/tre...nes-2015-08-25
Last edited by AuH20; 08-25-2015 at 02:14 PM.
and poof down again......Originally Posted by Zippyjuan
"Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
James Madison
"It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams
Μολὼν λάβε
Dum Spiro, Pugno
Tu ne cede malis sed contra audentior ito
Over the last six trading days (through Tuesday), the DOW has lost eleven percent.
Black Monday in 1987 was a 22% drop in one day. Comparison chart:
http://www.businessinsider.com/secul...7-crash-2015-8
http://www.vox.com/2015/8/24/9201725...et-crash-chart
Last edited by Zippyjuan; 08-25-2015 at 03:20 PM.
Interesting because rising yields means falling demands (prices) for Treasuries. Usually if stocks are down, investors are heading to safe alternatives like Treasuries. Gold was falling today as well (off about $20 an ounce from the day before). Crazy markets. Seems some people are pulling all money off the table waiting for things to cool down. Could mean that when things stabilize a lot could return to stocks.
Wasn't the crash in 87 prior to the Plunge Protection Team? If so, isn't it fair to say that's like comparing apples and oranges then?Over the last six trading days (through Tuesday), the DOW has lost eleven percent.
Black Monday in 1987 was a 22% drop in one day. Comparison chart:
http://www.businessinsider.com/secul...7-crash-2015-8
http://www.vox.com/2015/8/24/9201725...et-crash-chart
On Trump:
How conservative Republicans can continue to support this arrogant imposter—the man who brags about inflicting the world with the Covid mark of the beast; the man who said, “Take the guns first, go through due process second”; and the man who deliberately played and then set up Stewart Rhodes (of course, Stewart was all too eager to be Trump’s patsy) for an 18-year prison sentence—is truly beyond my comprehension.” Chuck Baldwin
Has there ever really been a period where there wasn't a Plunge Protection Team?
This article from the mid 1940's about the 1929 crash indicates that the PPT was alive and well back in 1929, just in a different functional form. Same result though. Article is definitely worth a read. The more things change, the more they stay the same....
http://www.oldmagazinearticles.com/1...sh_history_pdf
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Plunge Protection Team (also known as Working Group on Financial Markets) is an advisory board- not a stock purchasing group. http://www.investopedia.com/terms/p/...ction-team.asp
DEFINITION of 'Plunge Protection Team - PPT'
A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence. The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.
INVESTOPEDIA EXPLAINS 'Plunge Protection Team - PPT'
"Plunge Protection Team" was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the 1987 market crash.
does anyone remember the tv show ,,,, f-troop .
Varney stood in for Cavuto tonight. He had a guest on, that was quite frank. Don't remember his name, could care less about the stock market; but he said outright we are about to see recessions in many countries including ours. He said we will see more and more down turns in the market as we saw yesterday and today. He believed there was nothing the Feds could do to prevent it. I wish I had a copy of the interview, but don't.
lol, I do unfortunately. I also remember "I love Lucy", Mash, All In the Family, etc.
I'll just leave this here: http://www.rense.com/general75/plunge.htm
Me thinks someone is being disingenuous.According to John Crudele of the New York Post, the Plunge Protection Team's (PPT) modus operandi was revealed by a former member of the Federal Reserve Board, Robert Heller. Heller said that disasters could be mitigated by >>> "Buying market averages in the futures market, thus stabilizing the market as a whole." This appears to be the strategy that has been used.
Former Clinton advisor George Stephanopoulos verified the existence of The Plunge Protection Team (as well as its methods) in an appearance on Good Morning America on Sept 17, 2000. Stephanopoulos said: Well, what I wanted to talk about for a few minutes is the various efforts that are going on in public and behind the scenes by the Fed and other government officials to guard against a free-fall in the markets . . . perhaps the most important the Fed in 1989 created what is called the Plunge Protection Team, which is the Federal Reserve, big major banks, representatives of the New York Stock Exchange and the other exchanges and they have been meeting informally so far, and they have a kind of an informal agreement among major banks to come in and start to buy stock if there appears to be a problem.
On Trump:
How conservative Republicans can continue to support this arrogant imposter—the man who brags about inflicting the world with the Covid mark of the beast; the man who said, “Take the guns first, go through due process second”; and the man who deliberately played and then set up Stewart Rhodes (of course, Stewart was all too eager to be Trump’s patsy) for an 18-year prison sentence—is truly beyond my comprehension.” Chuck Baldwin
"The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson
“I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
If Wall Street insiders used Navinder Singh techniques for good of the markets
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Dangerous conspiracy theories on Right claim MAGA fake frontgroup
Poll: Should US apologize for financing radicalization of Afghan children in 80s?
Obama-Clinton Years: A Violent Chapter in World History
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Delta variant, death of 9 Chinese engineers in terror attack led to airport chaos & quick Kabul fall?
"Plunge Protection Team "
Yeah, right. That's their function.
Apparently, China has been selling Treasuries very aggressively over the last couple of weeks.
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
You are way too smart to be this naive.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
How much longer till the markets go red for the day? I give it....2 hours.
The Fed just hinted that a Sep rate hike is off the table. I think that may stabilize things for awhile.
Signs of recovery. I jumped back in the market today. Hopefully this is the bottom and we're going back up. Good news about the Fed.
Marching steadily in the red direction... already more than half the futures ramp is gone
Too early.
Wait till spring 2016.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
I think I see green. Buying apple under 100, did you get it in?
Buying dips and selling rips is the name of the game.
I'm not a gambler. Only reason I watch the markets at all is because they have become an extension of politics.
buying apple under 100 was not a gamble. It was a wise investment when the sheep were panicking.
The stock market is a rigged casino - these are not investments. Apple in particular is a PPT favorite.
Not buying the story (which says "may have"). China wants to keep the value of their currency low relative to the dollar- hence the devaluation and lowering interest rates. If they start selling off US Treasuries, that would have the opposite effect- strengthening their currency against the dollar. Not something they are likely to be doing.
Well that's your choice but I just made several hundred dollars since writing that post. I bought during what I figured was the low point of the day. Turns out I was wrong (slipped a little more) but you can never pull off the perfect trade. Anyways, hoping this momentum keeps up for the rest of this week so I can jump back out in case this is merely a dead cat bounce.
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