7 months after that crash the plunge protection team
was created and the direct result of their actions can be
seen in every V-spike reversal after a major sell
off. No longer did the markets consolidate losses,
regroup by building bases over time and then move higher over
multiple years, instead price recovery was engineered in an
instant, thus the V spike.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
7 months after that crash the plunge
Sobering thought from the same floor trader as the video
Posted by steever on 19th of Mar 2010 at 03:19 pm
7 months after that crash the plunge protection team was created and the direct result of their actions can be seen in every V-spike reversal after a major sell off. No longer did the markets consolidate losses, regroup by building bases over time and then move higher over multiple years, instead price recovery was engineered in an instant, thus the V spike.