On May 23, 2017, legendary stock trader and art investor Asher Edelman appeared on CNBC's Fast Money and was presented with the question, "why do you think stocks are still higher here, close to record highs?"
Edelman's response during his appearance on CNBC's Fast Money was as classic an expose on the Plunge Protection Team current day market manipulation as there has ever been on such a mass media forum.
Watch Edelman's approximately 5 minute interview here:
Here are some select quotes from Edelman's CNBC Fast Money interview:
"It's run by the head of the SEC (Steven Mnuchin), the head of the Commodities Trading Group (J. Christopher Giancarlo), the Secretary of the Treasury (Adam Jacob Szubin) and the head of The Fed (Janet Yellen).
"If you are a tape watcher, you'll see every time the market declines 100, 200 points, sort of by the end of the day there are certain Dow Stocks or S&P Stocks that are the less liquid ones that kind of get some backing and at the end of the day maybe its down 20 bucks or its up three dollars and its a very odd kind of action and I think you see it everyday in the market."
"The tape reflects an urge to keep things cool and looking good. And I don't think that comes from nowhere."
"I don't want to be in the market because I don't know when the plug gets pulled...Who knows who rebels in this group, certainly The Fed is no excited about this function."
"It is very specific in the Reagan order that no minutes be kept and no records of the transactions be made public."