Mad Money Machine

MMM-103: Plunge Protection Team

Did the Plunge Protection Team save the markets this week? Our Guru says active investors spend $100 Billion per year trying to beat the market. Our Tool measures the implosion. Cramer’s recommendation on BS.

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Topics in this week’s show include:  

• How are you doing? What a wild market. I think this one has more uncertainty in it than the dot com crash.
• Perhaps not paying attention to the market is the best idea? These are indeed interesting times.
• I detail my active trading failures.
• EconTalk was great this week. Catch the interview with Tyler Cowen about the Fed and the gold standard. Good stuff. Russ needs to read up about why gold makes good money though.
• Christopher says to say hey to Rikard in Japan.
• If the market prices in all that is known about the markets, why does it keep going down?
• I don’t think Jim Cramer was saying stay in Bear Stearns stock, I think he meant to keep your account there if you had one. Nonetheless, people are up in arms.
• And don’t forget to visit the Cramer Crap auction.
• Ron Paul asks John McCain about the Plunge Protection Team. John sounds like Miss Teen SC. Read the article about the PPT in the WaPo. Here’s someone saying the PPT bought stocks last Tuesday. Here’s an article refuting the PPT as an urban myth.
• Our Guru says active investors are spending a whopping $100 Billion per year trying to beat the stock market. Mark Hulbert takes up the story in the NYTimes.
• I read the Kindergardner’s Guide to the Credit Crisis
• Our Tool helps you keep track as the popcorn kernels pop.
• Check out the Index Funds Advisors quote of the week.
• Find me at Twitter: MadMoneyMachine

Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
A Rush of Air DiscoBalls Mix – monotommy

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