Stocks are being managed on light volumes.
At most times the markets are price discovery and capital allocation mechanisms.
Under the current Bernanke-Summers regime, they have become instruments of financial engineering, the shaping of perception, and government influence.
Behind the concrete, the visible events, behind all the objective, logical considerations, we find the struggle against evil, against the servants of the antichrist. Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak. When he yields to the forces of evil, he separates himself from the power of a higher order; after taking the first step, he is driven on and on to the next and to the next, at a furiously accelerating rate.
Die Weiße Rose, 1942