I may be wrong but I thought I could detect the Plunge Protection Team at work on the markets today.
“I may be wrong but I thought I could detect the Plunge Protection Team at work on the markets today.”
Yeah, a panic open despite the cut announcement pre-open. Great playing of market psychology.
I don’t take myself seriously on short-term overall market direction but I think this is at the very least a short-term market bottom, there was enough panic to possibly make it one. Of course that is just this week....