PLUNGE PROTECTION IS KICKING IN HARD... THEY COULD BE PLAYING FOR A DRAW TODAY IN HOPES OF GETTING THE SPIN MASTERS ON TOUT TV ASAP...
STILL, THE INTERVENTION COULD BE SO HUGE THAT IT GOOSES THE DOW 200 POINTS BY THE END OF THE DAY... THAT WOULD BE HARD TO EXPLAIN! BUT THE USUAL YADA-YADA IS "BARGAIN HUNTING..."
AFTER ALL, IT'S ONLY THE FREE FLOAT THAT'S "IN PLAY."
WHATEVER HAPPENS...TODAY IS AN ANOMALY...AND IT CAN SAFELY BE IGNORED WHEN THE MARKET CLOSES...
ALL THAT IS BEING TESTED TODAY IS THE ABILITY OF PLUNGE PROTECTION TO ABSORB THE FREE FLOAT FOR ONE DAY...
AND THE HOPE THAT THINGS SETTLE DOWN QUICKLY...
