Thread: nnuut's Account Talk

MAYBE NOT?
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Could it be? DUH!
March 7, 2012, 5:06 p.m. EST
Plunge protection team hedging on Greece

Commentary: Commits to more free money ahead of key debt swap

The Plunge Protection Team is a name coined by a Washington Post headline writer after President Reagan set up a “working group” between the government and the Fed to make recommendations on how to maintain integrity in the markets after the 1987 stock market crash.
Conspiracy theorists and Robert Ludlum fans have always charged it with everything from illegally propping up markets to running the financial world from some shadowy, Washington bunker deep beneath Capitol Hill. Others deny it still even exists. The Fed and government never comment, seeming to enjoy the mystery of it all.
I’m not much of a fan of this theory, if only for the reason that I can’t believe any group of government and central bank officials could possibly be smart enough to mastermind strategies to control the markets. If this group did exist, it would more likely to bet the farm on Enron and Lehman Brothers and be plotting right now how to load up on Facebook when it goes public.
But there’s no doubt that after three of years of wrenching financial crisis and the near loss of the entire system, Fed Chief Ben Bernanke and Treasury Secretary Timothy Geithner are more sensitive to market moves than ever. So at some point in the cycle, the myth becomes reality

Plunge protection team hedging on Greece - David Callaway - MarketWatch

March 12, 2012, 8:30 a.m. EDT
No hint of exit from Fed this week

By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The Federal Reserve will have a quiet meeting Tuesday, intent on making sure that they don’t make any noise about exiting from their easing policy stance, economists say on the eve of the meeting.
No hint of exit from Fed this week - The Fed - MarketWatch

Originally Posted by nnuut

March 12, 2012, 8:30 a.m. EDT
No hint of exit from Fed this week

By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The Federal Reserve will have a quiet meeting Tuesday, intent on making sure that they don’t make any noise about exiting from their easing policy stance, economists say on the eve of the meeting.
No hint of exit from Fed this week - The Fed - MarketWatch

No news from the FED's should be good news for the market. We don't need someone to say something stupid.

Originally Posted by nasa1974

No news from the FED's should be good news for the market. We don't need someone to say something stupid.

Yep, and you Helicopter Ben likes to drop Bombs on occasion.

IFT 50% "G", 20% "C", 30% "S"

IFT 20% "C", 80% "S"

Thank you Mr. Market (Burntankle), +1.52% not bad, but what about tomorrow?

Originally Posted by nnuut

Thank you Mr. Market (Burntankle), +1.52% not bad, but what about tomorrow?

GEEZ!! Norm. Why did you have to do a "what about".

Originally Posted by nnuut

Thank you Mr. Market (Burntankle), +1.52% not bad, but what about tomorrow?

Originally Posted by nasa1974

GEEZ!! Norm. Why did you have to do a "what about".

I think that Helicopter Bens pep talk will wear off before the end of the week. Maybe sooner batten down the hatches, mateys.

Hopefully the Nasdaq and the Rut will keep us flying.
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