Zeev's Turnips Patch-No Politics (ZEEV)

[chainik]

<The truth is, the current rally is not about an earnings recovery and it is most certainly not about an improvement in the underlying economic state. The rally is about momentum. Now, we could argue all day about the origin of that momentum, but truth be told, the current rally is being driven by speculators trying to force deep-pocketed pension and mutual fund managers to increase exposure to the long side>

(I guess mlsoft would add here that he knows who these speculators are (g))

http://moneycentral.msn.com/content/Stratlabs/Round8/P47490.asp