[SauronOfMordor]

One of two things: either insiders know something good is about to happen, or the Fed is manipulating the market, trying to goose it higher so the institutionals have a chance to cash out before it crashes again.

[Wyatt's Torch]

or the Fed is manipulating the market, trying to goose it higher so the institutionals have a chance to cash out before it crashes again.

I have never been a conspiracy theorist when it comes to manipulation of financial markets. But after what happened to gold and JPM and CITI last week, I'm not so sure. There is still a LOT of fundamental weakness and it does not explain the 15% run-up since Wednesday.