President's secret 'Plunge Protection Team'...steemCreated with Sketch.

in markets •  2 years ago 

is perhaps the only thing holding up the stock market now.

With thanks to Zerohedge.

'Legendary vulture investor Asher Edelman, the 1980s model for Gordon Gekko, strayed into what must’ve been uncomfortable territory for CNBC during an appearance on "Smart Money" when he discussed his view that the government’s "plunge protection team" is the only thing propping up the current market rally, and said he suspects that it has again been recently een intervening in the market to keep stocks at record highs.'

Edelman simply notes that he doesn’t want to be in the markets right now because “I don’t know when the plug is going to be pulled."

Few can explain the market's recent resilience, holding near record highs despite weak economic data and intensifying geopolitical tensions. The main benchmarks have risen for the fourth straight day following last week’s “Trump Dump" despite a terror attack in the U.K., the worst soft economic data since February 2016, and surprisingly low trading volume.

Please refer to the website for the video interview

http://www.zerohedge.com/news/2017-05-23/asher-edelman-says-i-have-no-doubt-ppt-behind-market-rally

SK.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

See what's happening to bitcoin/alt-coins? Lock in your silver prices now before the banksters derivative game goes belly-up.

For sure longshot - shtf real soon.