Plunge Protection Team (once again) to the Rescue!
The DOW fell hard from opening today and the losses accumulated throughout the afternoon - at one point (~ 2:45pm) it was down 800 points and the meltdown was all but assured, but wait! Take note of the hand of God coming into the picture at ~ 2:50 - pulling the DOW back up over 400 points in the last hour of trading.
These four malicious, lying, thieving bastards (Heads of The Plunge Protection Team), need to be crucified!
Treasury Secretary Paulson (Chairman of the PPT)
Christopher Cox (Chairman of the Securities and Exchange Commission)
Walter Lukken (Chairman of the Commodity Futures Trading Commission)
For those who don't know: The Plunge Protection Team (PPT) was created by Ronald Reagan back in 1988 through executive order 12631. The Working Group on Financial Markets, also known as the PPT was created to respond to events in the financial markets surrounding October 19, 1987 ('Black Monday'). They are chartered with providing recommendations for legislative and private sector solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of United States financial markets and maintaining investor confidence".
Former 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."
Today however, they are both flooding the market with liquidity AND actively engaged in manipulating the entire market spectrum - using their game of charades in an attempt to game confidence in the markets - an abominable crime!
Remember Martha Stewart and her small-time mischievious "insider trading" - HA!
How about these guys DISTORTING THE ENTIRE US MARKETPLACE? - They should be locked up for LIFE!
WAKE UP PEOPLE! It's almost time to grab the pitch forks and march on Washington!
Signed - a very disgusted Randy