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).