Renewable Revolution

Agelbert NOTE: Those who have forgotten 2008 will soon never be able to forget 2022.   

MONDAY, JAN 24, 2022 - 04:01 PM


SNIPPET:

At its worst today, the S&P 500 was down just shy of 4% before rebounding dramatically to end up almost 0.5% on the day.

The last two times that the S&P 500 dropped 4% and rebounded into the green were as follows...

🌠 Oct 16, 2008 = down -4.63% and closed up 4.25% - EU, US, Japan coordinated action to guarantee bank financing, Paulson shifts TARP to buying equity in banks

🌠 Oct 23, 2008 = down -4.28% and closed up 1.26% - Fed bailed out MM funds

Full article: 
https://www.zerohedge.com/markets/ppt-rescues-sp-worst-ever-start-year-rate-hike-odds-tumble

Reality based comments: 🦉

Angrypolka
What is pretty incredible, is that in order for an already over inflated, grossly over valued stock market to swing that much from the negative back into the positive for day would take trillions of dollars. That's how we know for a fact is was the PPT. Not regular joe schmoe wall street trader.
 
Unicron Variant
Who DIDN'T think this was going to happen? What, you think the PP-Team won't bust out of that garage with all the tools and crap you locked them in there with?!?! I pity the fool!

Wrascaly Wabbit
If it looks like manipulation, smells like manipulation and tastes like manipulation, the odds are it's manipulation!

ElTerco
The only "price stability" the Fed is chartered to act on. Saved by Zimbabwe dollars. 🤦‍♂️

carnival barker
heh, heh.  good job today scaring more of the retail investors to the sidelines.  and you got a whole other day tomorrow to 😈 repeat it before the Fed meeting. 

Savage Fred
after today, i'll never touch US equities again, ... ... . s&p went up 30 points in one second. i said, OK, this has lost all credibility. It didn't really have any to start with. But today took it to another level. glad they used tax dollars to help out the mega-rich and the would-be bag holders, in other words, the last people who should be helped. should have known it was too good to be true. appalling.


Marc-André Fongern @Fongern_FX
What the Fed has achieved so far:

1) Intensified inequality
2) Made the rich even richer
3) Boosted inflation alarmingly
4) Inflated stocks massively
5) Engaged in insider trading

Impressive. Congratulations.