Fake Markets and Return of the "Plunge Protection Team"

8:48 AM

First published by Money Metals here: https://www.moneymetals.com/news/2018/12/31/fake-markets-and-plunge-protection-team-001685

It’s amazing what passes as a market these days. Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies.

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