Replies to post #67040 on Zeev's Turnips Talk Politics (ZTTP)

[brainlessone]

in the words of a common carpet installer who has a three week backlog in northern new england:

I dont know who those talking heads are talking about, but I guess they figure if they repeat that the economy is no good enough times some fool will beleive them

[OrangeFluffyCat]

It was just down enough to warrant a bounce,
and oil was coming off highs -- and we are
going into end of quarter.

Light volume vacation weeks helped upward move.
And the up triggering short covering.

[Zeev Hed]

The ramp was suggested from internal parameters of the market, as suggested early in August (#msg-3751323 and #msg-3779266, where I got "fully loaded", including a target of 1930/50 by about now, #msg-3888421). I think that the "house" are smarter than that and they realize that anything the market does between now and election (short of a spectacular new yearly high, which I do not expect) will have no impact on the elections. They ill continue their normal game of selling high and buying low, creating mini panics to accumulate and exuberance peaks into which they sell. No nefarious political motives there, IMTO, just your normal fleecing of the sheep.