Most certainly true, but the volume is lighter, and the algos are kicking in. Once HAL9000 gets a grip on the market, we'll churn higher with no volume - as usual.
When sovereigns start printing money, you typically should be buying the dips. I learnt that the hard way. Trust me. As Ivan said "You can't beat a rigged market" This market is the queen of rigged markets. She can be a real bi!c# if she catches you shorting with you're eyes closed.
After seeing that goldman made money every single day last quarter and made over 100,000,000 a day for 36 days I realized this is rigged. Sold my shorts and going long. The banks saw even a slight correction will hurt them with the financial regulation bill.
Ah, permabears. You're talking about me? Why not read some threads around here for a change. If you did, then you'd notice I'm a bull - not a bear. Have been for a long time now (look at shortie's threads where I'm arguing it over and over). But reading requires effort, whereas spouting off like an uninformed imbecile comes cheap.