convenient excuse for the market not doing what folks think it ought to be doing
I am not needing PPT as an excuse or implying its existance. Would you argree there is more then enough FED liquidity to buy market on any dips no matter how bad the fundamental news may be.
If I believe the lastest MF inflow data, I would be very cautious to short at these levels. Inflows of cash into MF is the cock sure long money that is the willing buyer when big futures players want to step out on days like yesterday.