THE PLUNGE PROTECTION TEAM CONSPIRACY THEORIES SPIN THE AUTHOR’S SITE METER.

REREAD YOUR CLASSIC FAVORITES HERE:

The Author’ blog got a fair number of hits recently with a link from an interesting listserv called Elite Trader.

The question being discussed is whether the “Plunge Protection Team” (PPT) exists, and if it does, what has it been doing?

By way of background, the Author first posted on the PPT in his post more than two years ago in a post entitled “Is Uncle Sam Manipulating the Stock Market?”

Later, in the summer of 2006, the topic of the PPT came up in poolside chatter. A friend said that the PPT would intervene to prop up the then-declining market, and a commodity trader that was present concurred with the sentiment. This was addressed in the post of June 1, 2006, entitled “REMEMBER THE “PLUNGE PROTECTION TEAM”?

At the time, the Author feared that the PPT was monitoring his website for vaguely defined “sinister and unstated reasons”. But it should be noted that the Author's medical providers were "adjusting" his medication at that time for equally "sinister and unstated reasons".

AND THE PPT YET AGAIN.

The Author again addressed the PPT in a post August 24th, 2007 entitled “The Opaque Hand of the Plunge Protection Team”.

For the record, the Author is suspicious of the existence of the PPT. But there appears to be credible arguments for its genuineness. Better evidence, than say, WMDs in circa-2003 Iraq. Or perhaps better evidence than Al Qaeda operatives starting California wildfires. But the Author digresses…

DO NOT BELIEVE EVERYTHING WRITTEN IN THE DESERT OF THE REAL.