The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done!
It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, except that the middle of the afternoon doesn’t fit the PPT’s MO because the birthing-sized push didn’t come in the PPT’s usual obvious final-hour press. So, what was the push in the penultimate hours all about? Continue reading “It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow.”

