Plunge Protection Team Goes Public


Yesterday I wrote this: The Global Money Pump Pumping Away, and today I see that the PPT went on holiday, and Buffett is quoted as advising the general public at large to follow his fine upstanding example and buy the dip 6 minutes 42 seconds, because the bullshit technicians can objectively prove that the markets are oversold! Just look at the RSI! So, when the RSI was showing that everything was massively overbought for the last year or so, did we hear Eisman telling everyone to follow his example and short everything? Yes, I think we did. But where were the plunge protection team? They were ramping it all back up with Fed, BoJ and ECB sponsored buybacks, with the help of the Swiss National Bank and the Norwegian Sovereign Wealth Fund, amongst others. David sounds like he is bored of this nonsense too. See from 13 minutes 32 seconds.


He's been watching The Matrix in real time:


See I'm Still Looking for A Job.

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