Mark, you wrote:
I am a firm believer in market manipulation (esp on the NASDAQ).
Mark, Mark you seem like such a pleasant fellow. Don't let these conspiracy theory types get their claws in you. MM manipulation is very difficult and very rare, usually confined to the fringes of the market like penny issues. Even if it weren't illegal, it would be difficult to get a bunch of self-interested market makers to cooperate with each other. In no time they would be conspiring against each other rather that carrying on their clandestine manipulations. Geez, OPEC with just a few members, and a lot more power, can't control the price of oil.
Market makers earn a handsome living manipulating the spread, they couldn't care less about the price level just give them their eighth or quarter and they go home happy. Your statement about price creating supply and demand for shares is an explanation for momentum followers, but is hardly evidence of any vast MM conspiracy.
-Robert
PS You ask for some “glimmer” that things are getting better, but you provide it later in your post by saying that DRAM prices and Intel sales are getting better. Sometimes this is all a market needs to take off, after all, it's the job of the market to predict the future not explain the past. If you disagree with the markets assessment, take the opposite side. That's what makes a market.
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