PLUNGE PROTECTION STEPPED IN LATE YESTERDAY...AND TODAY THEY ARE LEAVING NOTHING TO CHANCE...
THIS MARKET IS A MOONSHOT AS LONG AS PLUNGE PROTECTION IS IN FORCE...
NONE OF IT MAKES ANY SENSE NATURALLY...BUT IT SIMPLY ALLOWS THE MARKET TO RIDE OVER REALLY REALLY BAD NEWS...FOR A DAY OR TWO...
THE PROBLEM IS THAT WHILE PLUNGE PROTECTION CAN ALLOW EMOTIONAL TRADING TO COOL....
PLUNGE PROTECTION DOES NOTHING ABOUT THE UNDERLYING MACROECONOMIC DISASTER FACING THE US AND GLOBAL MARKETS...
PLUNGE PROTECTION PROVIDES ORDINARY INVESTORS WITH AN EXCELLENT SELLING OPPORTUNITY...
WHEN THE MEGA-RICH WANT TO BUY YOUR STOCK...INSTEAD OF SELLING YOU THEIR WORTHLESS PAPER....
CARPE DIEM ASSHOLES!!
