- 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
Zero Hedge 
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:
 Zero Hedge: http://www.zerohedge.com/article/cnbc-guest-says-absent-plunge-protection-team-stepping-market-would-fall-wien-kernan-disgust
 Byron Wien Warns “Oblivious Markets” Of 20% Correction: http://www.prisonplanet.com/byron-wien-warns-oblivious-markets-of-20-correction.html
 CNBC Guest: “Illuminati” Behind Stock Market Crash: http://www.prisonplanet.com/cnbc-guest-illuminati-behind-stock-market-crash.html
 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
 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
 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.