June 1, 2017

Plunge Protection Group

By now many investors whether they believe in it or not, have heard of the PPT or PPG. Some claim the Plunge Protection Group was involved in the 2009 stock market lows. 

More recently the market has been trending upwards with low volatility. Every dip seems to be bought consistently. 

Asher Edelman recently was on CNBC where he suggested that the reason behind market buying in the face of declines was the Plunge Protection Group giving supporting to the market.

Doug Kass finds the explanation odd but agrees that this is action of buying the dips and lack of volatility is difficult to explain. 

Position: Long SQQQ