DJIA 0.31% 26,683 dow jones industrials

Everyone hangs around for "The Crash".IT AINT GONNA COME there's...

  1. 1,355 Posts.
    Everyone hangs around for "The Crash".

    IT AINT GONNA COME there's too many Bots who will buy up... and too much manipulation ..... remember ..... there's the "Plunge Protection Team".

    Working Group on Financial Markets

    The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan.

    The Group was established explicitly in response to events in the financial markets surrounding October 19, 1987 ("Black Monday") to give recommendations for legislative and private sector solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence".

    On 06 October 2008, the working group issued a statement indicating that it was taking multiple actions available to it in order to attempt to stabilize the financial system, although purchase of stock shares was not part of the statement. The government may wind up owning shares in the firms to which it has provided loans, as they will receive warrants as collateral for these loans.

 
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