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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (241964)	3/23/2010 5:13:48 PM
From: Les H	Respond to of 306849

Joe Saluzzi, a veteran trader at Themis Trading in Chatham, N.J., has been asserting for much of the last year that short-term traders, not genuine investors, have been driving the market. If so, they've done an incredible job: The Dow is up 64% from its 12-year low in March 2009 and on Thursday hit its highest since Oct. 1, 2008. I asked Saluzzi: Does he think this market is being manipulated? "I don't know that I would use that word," he says. "I couldn't say someone's doing something. I can't prove it." And the opposite also is true: You can't prove the market isn't being manipulated, either. latimes.com