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).
"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."