I had written a few days ago about forecasting the crash back in 1987 and the “rescuing” of the stock market the day after that crash.
One of the true independent, no-nonsense financial journalists (not tied to Wall Street’s hip) is the NY Post’s John Crudele.
His column today points to the “smell” of another rescue during last week’s plunge in the stock market (He also graciously mentioned me in his column, a feat most on Wall Street hope they never end up in-lol).
There’s no doubt that the “Plunge Protection Team” (PPT) exists. I do think this should be their theme song.