- Prison Planet.com - http://www.prisonplanet.com -

CNBC Guest Says Absent Plunge Protection Team Stepping In, Market Would Fall; Wien, Kernan Disgusted

Posted By admin On July 8, 2010 @ 8:48 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Thursday, July 8, 2010

A highly amusing exchange occurred earlier on CNBC when guest Damon Vickers of Nine Points Capital had an unexpected moment of truthiness and turned some heads when he said that “unless the plunge protection team comes in over the next couple of days, the markets are looking very dicey here.” When a disgusted Joe Kernan asks if Vickers was making a joke about the PPT, the response is “absolutely not – it’s common knowledge that the government steps in and does things to step on the gas and buy stock here and there.” To which Byron Wien has a strong retort: “I don’t believe it.” All that and much more in the clip below. In the meantime, the market is sure having a field day with stocks as once again bad news are discarded and the smallest glimmer of positivity serves as a springboard for yet another ramping short covering spree.

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/cnbc-guest-says-absent-plunge-protection-team-stepping-in-market-would-fall-wien-kernan-disgusted.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/cnbc-guest-says-absent-plunge-protection-team-stepping-market-would-fall-wien-kernan-disgust

[2] Byron Wien Warns “Oblivious Markets” Of 20% Correction: http://www.prisonplanet.com/byron-wien-warns-oblivious-markets-of-20-correction.html

[3] CNBC Guest: “Illuminati” Behind Stock Market Crash: http://www.prisonplanet.com/cnbc-guest-illuminati-behind-stock-market-crash.html

[4] Hank Paulson Tipped Off The Goldman-Led “Plunge Protection Team” About Fannie Bankruptcy 7 Weeks In Advance: http://www.prisonplanet.com/hank-paulson-tipped-off-the-goldman-led-plunge-protection-team-about-fannie-bankruptcy-7-weeks-in-advance.html

[5] CNBC Host Accuses Guest Of Just Trying To Scare The Crap Out Of Everyone: http://www.prisonplanet.com/cnbc-host-accuses-guest-of-just-trying-to-scare-the-crap-out-of-everyone.html

[6] Korean Stock Broker Leaps to Death Amid Market Plunge: http://www.prisonplanet.com/korean-stock-broker-leaps-to-death-amid-market-plunge.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.