It's Goldman and JPM, arranged by you know who, and it's 75B... Sure, no problem. The fed won't help you getting 50B, but we'll arrange for 75B from someone else!
sell-off is so overdone everyone knew these companies were in doodoo just panic and capitulation, we are forming a bottom here (maybe not exactly here, but very close, within 5 or 6% for sure) getting rid of these weaker and dead companies is actually good, the faster they fail, the quicker the rest will recover and make money
It is true, cnbc is reporting that Godman, JP morgan have been asked to help out with a bridge loan. Doesn't this say that the PPT is out of the picture? If they (PPT) were in the picture, wouldn't they have engineered the fix and then gotten long and then announced it? Fed not putting anymore money into this. ES has to move below 1188, prints under 1180 would be better IMHO. BUT, let PA be your guide. "Markets are never wrong; opinions are." -J.L. Livermore
Had you taken my suggestion, you would at least be $1000 richer by now (considering that you're a 1-lot trader).