Quote from circadian:
Maybe we saw this happen today at 2:45 when a deluge of buying started (with no obvious catalyst) as the market made a series of lower lows. Maybe I'm ridiculous for thinking this way, but maybe not. This is one of the new powers granted by the bailout bill. Any thoughts?
Quote from Landis82:
Wrong, wrong, and wrong.
Try subscribing to a decent news service.
The market was rallying on comments out of the ECB that "they get it" and that a coordinated rate cut was in the cards before tomorrow's NYSE opening. After all, LIBOR is "only" at 4.3%
Stop with the conspiracy BS.