VOTE: 5
caveat. with respect to the actual ppt, i'd think 3 is more likely - at least for this past year. but i think that the belief that the fed, or - at this point, someone - would intervene has removed risk from the betting folks are doing. anyway, at this point, its hard to ascribe the actions to anyone specific. might as well be the fed, but could be anyone, or just the herd.
i mean: folks rush in to buy nvls after it sells off after spitting up a hairball. how many times does that have to happen (and its been often since october) until the herd has learned that that behavior is profitable? the rules have been changed, and i think the fed is responsible for that. but lately, direct intervention probably is the less likely explanation; but still, just looking at what's happening in the market, its still a consistent interpretation of it. to me, anyway.
News 
Market Data 
Discover 
AI
