They are advising clients to selectively buy a few puts (in reality, not for their client's protection but to collect premium for their own books) to compliment the ongoing heliput (helicopter ben put) floor under the market well-knowing that da boyz will drop the market a few handles to bring on more short sellers to ultimately squeeze. Then they request a few billion in TOMOs and along with Goldman/Paulson sponsored program blasters jam the SPX up 20-30 handles in mere nanoseconds and voila, CNBC reminds us the Dow has reached a new record high.
But seriously folks, without sufficient selling pressure it's hard to take a market down.
Edited by marketneutral, 23 February 2007 - 10:45 PM.
