FED

  • Sat, Aug 22, 2015 - 12:46pm

    #2

    Oliveoilguy

    Status Silver Member (Offline)

    Joined: Jun 29 2012

    Posts: 517

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    FED

Dave FairTex wrote: "After these last two days, I have to ask: does anyone see the fingerprints of a all-powerful "plunge protection team" in operation?  How about the Fed buying e-mini futures on the sly to keep the market propped up? Look at the chart below and tell me who you think was in control.  I'll tell you who I think was in charge: Mr Market was in charge, and the direction Mr Market wanted to go was down, and so down we went.  If the PPT jumped in there – it simply didn't matter.  These are some of the nastiest red candles you can see.  From where I sit, that's a lotta plunge, and no protection that I could see."

Is the FED finally going to allow the Market to seek it's own level?  No. That is just not what they do.