[Orange1998]

Ultra low rates remove the Fed’s ability to play with the market much.

I guess they don't teach the Plunge Protection Team in College.

[DH]

I guess they don’t teach the Plunge Protection Team in College.

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Ah! The wonderful PPT. We call it the “late afternoon miracle.”

Dumb people and smart people alike can actually watch this “miracle” occur during the final hours of trading on any bad day. It’s a true miracle!