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John Crudele: Washington's 'plunge' team may have halted Dow spiral
By John Crudele
New York Post
Monday, February 5, 2018
Did Washington save the stock market on Monday?
It may be hard to make the case that anyone or anything helped Wall Street as stocks lost about 4 percent of their value and the Dow Jones industrial average tumbled 1,175 points -- after a 666-point decline on Friday.
But the Dow and other indices were in complete collapse right before Monday's final hour of trading. At one point the Dow, which represents only 30 stocks but is still a widely followed indicator, tumbled to a loss of about 1,600 points.
That's as big of a decline as ever.
But then something happened. Someone arbitrarily and aggressively started buying stocks and halved the loss. Monday will still go down as a Wall Street massacre but that superhero buyer made it half as bloody.
Who was the market's superhero? ...
... For the remainder of the commentary:
https://nypost.com/2018/02/05/dc-plunge-team-may-have-halted-unprecedent...
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