T/A ETF AND INDEX

[pstuartb]

Glen: I wonder what your guru would say if someone sent him an e-mail and asked him to explain whether he has any proof that the Fed has been buying S&P futures.

Why not large WS houses who are trying to protect year-end profits?

Why not Asian central banks who are recycling their trade surplus dollars back into the US stock market?

If the Asian CBs have been buying S&P futures, and I've read that they have been, it would be viewed as just business. But if the Fed were intervening in our stock markets, it would be a huge scandal.

Which explanation is simpler?