Just like Ben Bernanke, President Obama came on the TV today to give some positive words about the job market and the US economy. As has been the case since Obama gained entrance into the White House, as soon as he starts to speak, the markets get a solid bid. This happens with Federal Reserve Chairman Ben Bernanke as well. What does this tell us? For those of us that believe in the Plunge Protection Team, it tells us that they are hard at work not allowing the markets to fall during Presidential speeches. It is most likely felt that it would be very detrimental to the US and its citizens if the market would sell hard during President Obama's speech. Therefore, the PPT must push the markets higher to give extra confidence to the markets.
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