It was a mixed day today, since it's "supposed" to tank weeks ago, SPY is being kept up by the Goldman scum once again...
but there's no limit to careless manipulation to keep news "bad" while keeping the pump going strong even without institutional participation:
A "confusion"/"misunderstanding" about a photo up plane flight triggered a wave of short lived fearful rumors of a 2nd 9/11 happening... but whose prices was all this meant to push down? airlines. that's who.
Worst performing sector today was trannies and its tracking ETF is IYT. Of all the stocks in IYT only 3 lead the decline: CAL, LUV, JBLU - yep, the airlines.
Oh and then there's the flu thing, sure. So far, not even a 2nd spread of the black plague can keep Goldman from pumping this market to absurd levels of overbought levels not seen in decades.
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