Ursus Minor's definitions
A sudden, suspicious, and unexplained rise in stock market prices at the end of the trading day. Attributed by observers to market manipulation by large financial institutions.
In particular, a "ramp job" is suspected to be the work of the secretive "PPT" (Plunge Protection Team). Refers to an attempt to sustain artificially high prices in equities despite an overall bear-market trend.
Derisive term suggesting nefarious activity, related to other slang terms such as "whack job" (secretly arranged contract murder) and "hack job" (ineffective temporary solution to a problem).
In particular, a "ramp job" is suspected to be the work of the secretive "PPT" (Plunge Protection Team). Refers to an attempt to sustain artificially high prices in equities despite an overall bear-market trend.
Derisive term suggesting nefarious activity, related to other slang terms such as "whack job" (secretly arranged contract murder) and "hack job" (ineffective temporary solution to a problem).
"Look at that ramp job in the S&P chart at the close on Friday. The PPT is hitting hard, they really do not want this market to fall. Don't believe the hype."
by Ursus Minor June 3, 2009
Get the ramp jobmug.