CNBC's Biased Reporting On The PPT

The bottom line is that in order to fulfill the group’s mandate of ensuring confidence and stability in the markets, it becomes necessary to facilitate some sort of intervention in the market. There is no other way around this and considering the bizarre market action that we’ve seen lately with the S&P 500 and Dow Jones Industrial Average spiking up at the end of trading hours with no real rationale behind the moves, it is logical to look at a group like the Plunge Protection Team which has the authority and the power to do something like this.

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