PPT In The House!

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by Chris

Look, I know that rallies happen, and that not every shadow behind every bush is the PPT, but there are times when the “”market”” action is just too convenient for the powers that be to seem legitimate.

When gold gets sold and stocks get bought that’s very convenient for TPTB.

Looking at today’s action, we see that the S&P 500 got it’s major lift shortly after 11:00 a.m. when “someone” suddenly decided to buy a massive amount of emini futures sufficient to drive the S&P 500 up over 20 points practically all at once and which drove it over 2700.

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After some follow-on weakness as it wobbled about the 2700 mark, suddenly there was a 65 degree ramp that appeared.

READ  Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers.

Maybe this is just how “”markets”” work now, but it’s very assymetrical.  Going down takes time, going up is nearly instantaneous.  At least at key moments when a critical level needs to be stormed and breached, as we saw for the 2700 mark coming from below.

Maybe it’s perfectly normal and ordinary.  But I’m allergic to repeated coincidences.

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