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RE: MUST WATCH: Plunge Protection Team Steps In, Buys Stocks To Prevent Meltdown! By Gregory Mannarino
Another selloff as expected!
I agree with you about this central bank protection group. I also think we were short therm oversold, I actually did expect some kind of bounce. I still don’t see this panic selling. I think we will go much lower, too many investors expect this support from latest low to hold. Why do I think that? Look at the VIX, there is no panic selling for Dow to drop over 700 points.