The PPT's main goal is to avert panic situations. They don't want the market to crash as it did in 1987. They know the market is high and are trying to let down slowly. Right now I believe they are trying to make the most out of the Christmas selling season. Very important to the US economy. PPT- Plunge protection team. Protecting us against a sharp plunge that would more than likely go to extremes if not controlled.
There is a PPT, but their activities appear to have been curtailed somewhat this year. A lot of what they do has to do with what the Treasury Secretary and the NY Fed governor are seeing, IMO. At least that's the impression I got from some articles I've read on it in the NY Post.
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