Reply #1: So todays rally has nothing at all to do with buyers coming back in, eh?

[A HERETIC I AM]

The Fed takes action to help liquidity, the markets react with improved confidence and buy stocks that have been bid down of late and this is the result of the "Plunge Protection Team"?

Come on.

BTW, the expression "Plunge Protection Team" is little more than a Faux News type headline penned by a copy editor at the Washington Post in 1997, according to Wikipedia

One theory regarding the Working Group refers to it as the Plunge Protection Team. This theory claims that the Working Group is a scheme to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures.

The term "Plunge Protection Team" was originally the headline for an article in The Washington Post by staff writer Brett D. Fromson, published on Sunday, February 23, 1997. He did not invent the term. It was added later by a copy desk editor as a sensational nickname for the Working Group.

Dow finishes up 416.66 at 12156.81. Call it what you want. "Sucker Rally", the work of the nefarious PPT or whatever.

It is a breath of fresh air.