Have you ever wondered that no matter how bad the markets collapsed for some reason on every Friday they seemed to rally and go back up again?
If you had noticed this strange but welcome (For traders at least) phenomena you have seen the activities of what is colloquially known as the Plunge protection team. The plunge protection team or more officially named the President’s Working Group on Financial Markets is the behind the force which manipulates the stock markets in order to keep them from what should happen in the current financial climate and that is to collapse completely.
Well the Plunge protection team is pulling the plug it seems and that means no more protection against the total collapse of the stock market. the market responded predictably and the result is another massive $ 2 trillion loss in the stock markets.