Choad, I see this over and over again when watching the tick. many times just before the numbers are released I see large buy programs go through as if to get the momentum going before the report is released. I often see these a big buy program hit when a possible negative headline hits the wire- like a bombing or something. The market is becoming a big sham in my opinion. The little guy will take it again in the chest when the big guy decides to leave him holding the bag (of overvalued equities).
The smart traders thought ahead. Of course, the rally today was based on the FOMC minutes. It wasn't that hard to guess what it would say: a long period of very low interest rates. 2004 is an election year. Too complicated to explain here in a paragraph when others have time and I'm about to leave.