“The market dropped 1000 points in less than an hour and came back uo 700 points. The plunge protection team to the rescue.”
Completely agree with you. The market ‘miraculously’ turns just 1.5 pts shy of being down 1000. This reversing action had to be the ‘invisible hand’ of the PPT. Allowing the DOW to hit the 1000 mark would have have a very damaging psychological, if not political, effect.
Right on.