Interesting I dont see many people both here and in the media mentioning the catalyst for this move on Friday..
JP Morgan is notorius for goosing a group right at key levels for max. effect.. Heck, Didnt Greenspan and the gang use that a few times as well? Knowing you have those guaranteed buyers lined up is perfect for a quick hit.. the question now is, will real buyers show up next week? and will people sit on profits confident that we are about to start the next leg up?
One thing is for sure- there is certainly alot of exubberance out there long before Fridays move...