Impressive rally as heat shield

This has certainly been an impressive stock market rally, coming as it does on such slender underpinnings as this and this and this. (Not to mention, but to do so as a PS, this.)

Guambat chalks it up mainly to a classic squeeze on shorts as mentioned here, fueled along by the quarterly expiry of futures and other so-called witches.

But, more cynically, Guambat reckons it has been manufactured by the same, usual suspects to ramp up particularly financial stocks to take the heat out of bank reforms.

FOLLOW UP:

Perhaps not exactly on the same conspiracy page, but to the same result, is this post, Sep 24th (a week after this post in the Stew), at FT Alphaville: This bank-engineered equity rally