For the sake of clarity, is it your position that the $700B blank check intervention the administration just went down on its knees begging for is consistent with allowing markets to just "work it out"?
What makes this more convincing is that lack of any news as a trigger for this buying. This is a classic short squuze like the one in october 2002. You can't 'sell on the news' when there is no news to sell on.
I don't go for these conspiracy theories but... the sharp rally could be because the the Plunge Protection Team (PPT) intervened. Yes, there is a PPT within the FED establishment. I trade the markets and am not concerned who or what caused the markets to move but I remind others that the FED via PPT comes in when the situation warrants it, like today when the market was in a free fall. It could have been a coordinated action by the FEDS and their pals in the investment banks/brokerages. Look for similiar action in the overseas markets