What was the reason for the huge spike up last half hour?

Could it be Bernanke?!?

 

It's always Bernanke

 

Short covering into SOTU address.

 

the electronic book owners seeing a lot of shorts out there they could squeeze into 1300 1310 spx buy stops tomorrow

 

dont fight the tape. Ask Bill Miller how fighting the EK tape did for him since 2000

 

algos and robots rule the day. pomo wins.

 

The HFT robots want to push it to Dow 12k and S&P 1300, and they'll probably get it tomorrow at the open.

 

Bloomberg polls say '' a huge uptick in President Obama's rating''

 

My guess is that someone got a hold of Obama's speech and that he is calling for a cut in the corporate tax rate. If so it could be an interesting day tomorrow. The action all day was really negative the whole day until that point

 

I said all day that this tape in particular was a manipulated sack of shit.

Thus, they do anything they feel like.