>>>liquidity does. Yesterday, big AG pumped like a madman, mearly 5 billion in fresh money, including a 1.4billion dollar coupon pass, direct monetization of the debt. Liqudity pumps the market and sentiment follows. People will point at news events as casual events too.<<<
I have often wondered about those that have a hard time accepting Fed intervention in the markets think where this extra liquidity goes too. Yesterday was a classic. Big move up on very low volume. Most the volume came in 1 and two minute spurts at critical junctures.