Editor's Note: Someone had to ask the question, and this article in the Huffington Post asks and discusses this mind boggling and frightening issue.
Conspiracy? Is Goldman Sachs Running the Plunge Protection Team?
by Eben Esterhuizen in The Huffington Post
Is the current stock market rebound based on fundamentals, or are more sinister forces at work? Tyler Durden, one of the best financial bloggers around, have found some circumstantial evidence that suggests the mysterious Plunge Protection Team (PPT) has recently been boosting the stock market. And some might say Goldman Sachs is running the show . . .
. . .
"A very interesting data point, also provided by the NYSE, implicates none other than administration darling Goldman Sachs in yet another potentially troubling development," writes Durden. "Key to note here is that Goldman's program trading principal to agency+customer facilitation ratio is a staggering 5x, which is multiples higher than both the second most active program trader and the average ratio of the NYSE, both at or below 1x."
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