If the PPT doesn't stabilize things the markets could be down a lot very quickly today. Right now a lot of big names are dropping and we aren't even at lows yet. Well as a short seller I can only hope the PPT is taking a 5 martini lunch right now...story developing
1 comment:
With the Fed pumping in roughly $8B/day there's no need for the PPT in the classical sense. The thin choppy ramp in the S&P closely matches the Fed's injections all year. All the overnight gaps + intraday chop is killing my enthusiasm to trade anymore. True PPT days were a gift.
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